From The Orange County Register
“The Fed’s San Francisco unit noted housing in the West is “largely stable” in its 1st “Beige Book,” of 2010 — it’s a Federal Reserve Board report on regional economic conditions that’s done eight times a year.”
Read the entire article.
DHW asks: Do you think the housing market is beginning to stabilize?
ABC News reported Wednesday that some Federal Reserve officials worry the housing recovery could be interrupted when the government’s purchase of $1.25 trillion in mortgage-backed securities winds down by the end of March.
“Some participants … noted the risk that improvements in the housing sector might be undercut next year as the Federal Reserve’s purchases of (mortgage-backed securities) wind down, the homebuyer tax credits expire, and foreclosures and distress sales continue,” minutes of the Fed’s Dec. 15-16 policy-setting meeting said.
DHW asks: Do you think the government should increase its purchase of mortgage-backed securities?