The data has shown that a recovery has been truly ongoing since early 2012. Most people here don’t want to see it because they think Obama will get the credit. Facts are that the recovery, such that it is, is extremely weak by historical standards and that is because of Obama’s policies. They are restricting the growth we would otherwise be seeing. 1-2% GDP is a recovery but it’s a poor one. I’ve posted the industrial production chart a number of times along with the facts on housing. That we are at 917K housing starts (SAAR for February) when 2009-2011 were around 600K is a heck of an improvement. Home inventories are way down even compared to historical levels. We are not out of the woods and any sort of external shock could tip us over the edge. But it is undeniable if you look at the data that the economy is in recovery.
What you said is true on the surface. BUT.
Where did the 'money' come from? What was the % of 'Wealth' households saw declining?
My daughter and her husband are buying their first house.We only have about 10 in our area and as soon as a new listing comes up it is sold.Sometimes same day.Hot housing market right now.