Housing market is overheated...

By FortWayne   follow   Fri, 8 Feb 2013, 2:05am PST   ↑ Like (1)   ↓ Dislike (1)   533 views   1 comment   Watch (0)   Share   Quote  

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

http://online.wsj.com/article/SB10001424127887324906004578290113820357742.html

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.

#housing

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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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