Bernanke: No Housing Recovery before Fannie, Freddie Revamp
Bernanke also said the Fed’s bond-buying program, known as quantitative easing, has helped fuel economic growth and strengthened the stock market.
Palm Coast, FL – January 14, 2011
Federal Reserve Chairman Ben Bernanke doesn’t expect much recovery in the housing market before the Obama administration releases its recommendations for the future of Fannie Mae and Freddie Mac, expected soon.
Speaking Thursday at a confab presented by the Federal Deposit Insurance Corp., Bernanke also said the Fed’s bond-buying program, known as quantitative easing, has helped fuel economic growth and strengthened the stock market.
Read More >>>> HousingWire
Bottom bouncing
Nojobville,USA,(AKA Flagler county)housing prices are going down again this year even more than last year. That’s has more to do with foreclosures accelerating due to court rulings than Freddie and Fannie.
Things however are going up,like food,taxes,fuel,healthcare,and blood pressure.
Old depression saying was"hay buddy can you spare a dime" now it’s "hay buddy can you spare a few hundred".