Will the Housing Crisis Ever End?
The housing crisis is far from being over. Looking over the Economist this past weekend it was visible that the data/ maps used by Mr. Bernanke only seemed to encompass houses financed by mortgages backed by the government-sponsored giants, Fannie Mae and Freddie Mac. But by excluding subprime and jumbo loans, the maps/data has left out the top and bottom of the market—where prices rose fastest during the bubble and where the mortgage mess was most severe.
In my opinion, we seem to be in middle of a housing crising mess.
Resource:
The Economist, May8, 2008
