While the first three months of the new 2012 year can be viewed as quite satisfying in terms of economy recovery, the story is far from end. Unstable situation in Europe is not the only problem. According to January and February statistics, the housing market in USA is still in a bad shape. The recent efforts to revive it made by the government look promising, though.
You can read the article in Businessweek to learn about it:
Foreclosures Still Haunt the Housing Market
Also you may want to view Ben Bernanke lecture in which he explaines why the housing bubble can't be viewed as Fed's fault. It is his second lecture out of four in George Washington University.
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