Housing Bubble Continues

Click here: housing bulls are "not paying attention" to the facts says dean baker: Tech Ticker, Yahoo! Finance

"Baker lays out several reasons for his bearish case:

Programs that lifted the market, including the tax credit for first-time buyers, have expired.
The Federal Reserve is exiting the mortgage market, which will likely push rates to 5.5% to 6% by the end of the year.
There's still an inventory glut and rental rates are falling in many markets, notes Baker, author of "False Profits: Recovering from the Bubble Economy." He says the rental market doesn't lie."