When the facts change, I change my mind. What do you do? -- John Maynard Keynes
Friday, February 6, 2015
Economy: Housing Weak due to Consumer Debt, Credit Standards
Housing Weak Even With Government Programs and Big Bank Interest - Bloomberg View: "... the federal government is trying mightily to spur housing activity. But don’t expect this small but volatile sector to move the economic needle anytime soon, even as 30-year mortgage rates drop. The headwinds from consumer debt, high down payments, unforgiving credit-score standards and worries about another swoon in home prices are too strong. " (read more at the link above)
The Big Picture
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JohnTheCrowd.com | The Sailing Website
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