There was a lot of continuing talk last week about signs of a coming "bottoming out" and eventual "recovery" in housing, but a risk to that forecast is that temporary government aid may be responsible for it.

"Both activity and price indicators in the housing market have been running noticeably above their recession lows in recent months, suggesting that a bottom has been forming," Deutsche Bank Securities researchers noted in their U.S. Housing Outlook report last Thursday. "However, much of the recent strength in sales and prices appears to have been driven by the homebuyer tax credit." Or as glam metal band Cinderella put it back in the '80s, it could be that you "Don't Know What You've Got (Till It's Gone)."

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