These Charts Show Exactly How the Fed Killed the Housing Market

Posted by Lee Adler - Wall Street Examiner

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housing-market-chart-1“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”

….4 more charts HERE