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)
