{"id":40132,"date":"2013-07-17T11:05:20","date_gmt":"2013-07-17T15:05:20","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=40132"},"modified":"2013-07-17T11:05:20","modified_gmt":"2013-07-17T15:05:20","slug":"unequivocal-proof-that-the-housing-uptrend-has-staying-power","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/07\/17\/unequivocal-proof-that-the-housing-uptrend-has-staying-power\/","title":{"rendered":"Unequivocal Proof That the Housing Uptrend Has Staying Power"},"content":{"rendered":"

By WallStreetDaily.com<\/u><\/a> <\/p>\n

One aspect of the housing market recovery<\/a> that no one can quite agree on is its staying power.<\/p>\n

In fact, some pundits believe the burst of this so-called Housing Bubble of 2013 is imminent. It makes for great headlines and head-turns, but not much sense.<\/p>\n

For proof, let\u2019s go back in history to August 2006, when homeowners basked in the glory of a 132% rise in home prices over an 11-year span \u2013 and, oddly enough, every Tom, Dick and Harriet could afford and qualify to buy at these pie-in-the-sky prices.<\/p>\n

The Housing Bubble: Then and Now<\/b><\/p>\n

Financial institutions \u2013 and the government \u2013 took turns playing \u201cLet\u2019s Make a Deal.\u201d (Behind the curtain: No money down! Under the box: 0% interest for five years! In the sealed envelope: Bad credit? No income? No problem!)<\/p>\n

To add to the insanity, the Fed lowered rates 11 times<\/i>, from 6.5% to 1.75%, between 2001 and 2004. This was to ensure the American Dream stayed alive and well. But it wasn\u2019t long before the nightmare on Wall Street (and every street in the country) played out.<\/p>\n

You know all the gory details\u2026 By the first quarter of 2009, home prices had fallen by more than 32% from their 2006 peak, and they continued to slide (until now).<\/p>\n

Everything is different this time around, though\u2026<\/p>\n