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Housing market is overheated...

By FortWayne   2013 Feb 8, 2:05am   658 views   1 comment   watch (0)   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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1   Mobi     2013 Feb 8, 3:18am  ↑ like   ↓ dislike   quote    

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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