Obama "Housing Recovery" Crushes "Blacks, Young Adults" As Homeownership Rates Crash

The Obama administration has a tendency to conflate the strong performance of Fed-induced "assets bubbles" with "strong economic growth." Unfortunately, as is often the case these days, the "hard data" paints a slightly different picture than the "narrative" being pushed by Obama and his staff.

Per a new report from the Pew Research Center, and as our readers are undoubtedly aware, home prices have indeed recovered to pre-recession levels with a little help from Janet Yellen and crew.

That said, the Obama narrative breaks down from there as further research readily reveals that home prices have recovered despite a massive drop in overall homeownership rates.

More