http://www.bloomberg.com/apps/cbuilder?ticker1=HOMFCLOS%3AIND
Looking at the graph, it seems that the foreclosure # have stabilized, which is a major prerequisite for a recovery in US economy. The new policies may have some relationship, but I think we still need to see more data points from various sources before a change of view.
For now, I still think economy will not recover until much much later.
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