Bearish Housing Thesis [CHARTS]

Many experts argue that the U.S. housing market has turned the corner. Some – like Wharton professor Jeremy Siegel – have argued that it's one of the few bright spots that will drive economic growth.

But is the housing recovery all that certain? The Fed's decision to purchase $40 billion of agency MBS a month certainly suggests that it isn't as confident as housing bulls would have us believe.

And some markets – like Illinois, New York, and much of the Northeast United States – are getting worse.

We put together 14 charts that highlight the many nagging doubts that are still out there about the much-touted housing recovery.

Note: Special thanks to Keith Jurow, author of Minyanville.com's Housing Market Report, for contributing charts and data to the piece. You can read Jurow's articles on Business Insider here.

Click here to see the charts >