Housing market is overheated...

By FortWayne   follow   Fri, 8 Feb 2013, 2:05am PST   ↑ Like (1)   ↓ Dislike (1)   557 views   1 comment   Watch (0)   Share   Quote  

Just like in 05 they weren't sure there was imminent threat, but slight overheating...


Federal Reserve Board Governor Jeremy Stein said there isn't an imminent threat to the wider financial system, but highlighted several markets—including junk bonds, mortgage real-estate investment trusts and commercial banks' securities holdings—as areas where potentially troubling developments are emerging, possibly as a result of the Fed's easy-money policies. Mr. Stein spoke Thursday at a symposium at the Federal Reserve Bank of St. Louis.


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Mobi   befriend (0)   ignore (0)   Fri, 8 Feb 2013, 3:18am PST   Like   Dislike     Share   Quote   Comment 1

We've seen this movie before... LOL

I am not too worried yet since the sale numbers (price, too) are still much lower compared to 2005.

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