1995 lives on in infamy as the beginning of the mortgage credit bubble that nearly destroyed the financial system and left millions of households facing foreclosure.
Liquidity moves markets!Follow the money. Find the profits!
But at least new home sales have finally struggled back to 1995 levels after posting a 5.15% gain in November.
The Midwest saw the largest gain at +43.75%. The West, the land of uber-underfunded public employee pension plans, was second at 7.69%.
And the homeownership rate is lower today than in 1995 when the National Homeownership Strategy went live.
Here is a photo of Bill Clinton when his infamous National Homeownership Strategy is mentioned.
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