How exactly did home prices skyrocket by 14% last year? Inquiring minds want to know how you can have a healthy housing recovery with rising home prices when mortgage originations are 74% below 2012 levels at the largest mortgage lender on the planet. Somebody ask Lyin Larry Yun from the National Association of Realtoors or Steve Liesman at CNBC. I’m sure they have a truthful answer backed up by facts.
Via Zero Hedge