Have you ever noticed that with every good housing report there are endless caveats:
1. Prices are still down year over year.
2. The home tax credit of $8,000 moved the house, and that will go away.
3. Home mortgages are artificially low because of the Fed.
4. Banks have more foreclosures on their balance sheets than before.
5. Foreclosures continue to occur.
6. Everything will slip back to imbalance when the credit goes away.
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