Archive for the ‘Housing Prices’ tag
Alan Greenspan Sees Housing Prices Sort of Hitting Bottom in mid-2009
Greenspan said that he expects housing prices to begin to
stabilize in the first half of 2009 although they could continue
to drift lower for quite some time thereafter, even after essentially
reaching bottom.
Greenspan, however, is not changing his long-standing belief that
Freddie Mac and Fannie Mae represent the root of all
evil…
Plosser Says Rate Hike is Inevitable Even if Housing Prices Continue to Fall
Speaking in a Bloomberg Television interview, noted
hawk Philadelphia Federal Reserve President Chuck
Plosser said the Fed may have to hike rates even as housing
prices continue to fall.
Plosser commented that the economy has not changed much in the last
few months and that rising prices pose the biggest challenge to the
economy. Plosser noted that…
Fed’s Rosengren Says Housing Still Adding "Significant Uncertainty" to Economy
The sharpest drop in housing prices in 50 years
poses a “significant” risk to the U.S. economy, but the Fed’s rate cuts
should be felt in the second half of the year, according to one Fed
official on Friday.
Boston Fed President Eric Rosengren said the U.S.
housing market is a small part of GDP but the slump, the effects of which
are widespread, may last longer than anticipated.
Rosengren said it is important for servicers to help economic growth
by making loan modifications where appropriate…