Obama “Housing Recovery” Crushes “Blacks, Young Adults” As Homeownership Rates Crash


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http://www.zerohedge.com/news/2016-12-16/obama-housing-recovery-crushes-blacks-young-adults-homeownership-rates-crash

The Obama administration has a tendency to conflate the strong performance of Fed-induced “assets bubbles” with “strong economic growth.”  Unfortunately, as is often the case these days, the “hard data” paints a slightly different picture than the “narrative” being pushed by Obama and his staff.

Per a new report from the Pew Research Center, and as our readers are undoubtedly aware, home prices have indeed recovered to pre-recession levels with a little help from Janet Yellen and crew.

Nationally, home prices have almost recovered from the bust

That said, the Obama narrative breaks down from there as further research readily reveals that home prices have recovered despite a massive drop in overall homeownership rates.

Fall in homeownership continues amid

Moreover, the folks that seem to have been hit the hardest are the ones that were the biggest supporters of Obama’s “Hope & Change” agenda.  Per the table below, homeownership rates among “Young Adults” and “Blacks” are down 18% and 16%, respectively, since…

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About Here and Now

I rant about issues concerning foreclosure, real estate law and any topic of interest. Normally my day job is Fashion and Costume Design. I like writing and reading interesting subjects.
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