![housing-market-chart-1](https://mikesmoneytalks.s3.us-west-2.amazonaws.com/wp-content/uploads/2015/10/31232647/housing-market-chart-1.png)
“Don’t believe any headlines that claim there’s a housing “recovery” in the United States. The truth is, there is no single family housing industry to speak of today”
“What for generations was a main driver of U.S. economic growth has been brought down by the past seven years of the U.S. Federal Reserve’s zero-interest-rate policy (ZIRP)”
“Since ZIRP has failed to contribute to higher-paying jobs, fewer buyers can afford the price inflation that has been driving up prices”