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File photo of new home construction in Carlsbad, Calif. Consumer sentiment in the U.S. hit a nine-month low in April.
File photo of new home construction in Carlsbad, Calif. Consumer sentiment in the U.S. hit a nine-month low in April.
(MIKE BLAKE/REUTERS)

SCOTT BARLOW

Is Wall Street manufacturing the U.S. housing recovery?

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Barry Ritholtz, founder of asset management firm Fusion IQ and frequent guest on CNBC and Bloomberg television, sees optimistic forecasts for the U.S. housing market as an annual rite of spring that will continue to disappoint: