Fed Official: Watch Out for the New Housing Bubble
With home prices posting record growth over the past year but incomes remaining essentially flat, one Federal Reserve official is warning that a new housing bubble is brewing, threatening to pop in the near future. "I'm beginning to see signs not just in my district but across the country that we are entering, once again, a housing bubble," Dallas Fed President Richard Fisher told reporters. "So that leads me ... to be very cautious about our mortgage-backed securities purchase program." The Read more [...]
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