Fed official doesn't think housing market is headed for a crash: 'I am trying to buy a house here in Washington and the market is crazy'

Federal Reserve Governor Christopher Waller has no doubt about how competitive today’s housing market is.

His reasoning has to do with the forces that are contributing to the run-up in housing costs. “My short answer is that unlike the housing bubble and crash of mid 2000s, the recent increase seems to be sustained by the substantive supply and demand issues,” he said, and “not by excessive leverage, looser underwriting standards or financial speculation.”

“‘Unlike the housing bubble and crash of mid 2000s, the recent increase seems to be sustained by the substantive supply and demand issues.’” Though Waller may not be concerned about the potential for a burst housing bubble, he did signal that the cost of housing is becoming a bigger concern for monetary policy.

True!!! Housing Market is the best investment.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Buying A House Vs Investing In The Stock MarketDebating buying a house vs. investing in the stock market? While both can be smart money moves and both come with risk, here’s why the latter is the better decision. A roof with solid foundations should steer you in the right direction.
Fuente: Forbes - 🏆 394. / 53 Leer más »

How to get your foot in the door of Canada's crazy housing marketOn this week's episode of DowntoBusiness, we hear from first-time homebuyers on their trials and tribulations in the housing market — via financialpost podcast housingmarket homebuyers
Fuente: TheStarPhoenix - 🏆 253. / 63 Leer más »

More Black, Latino Californians priced out of housing market, report showsOnly 26% of California households earned the minimum annual income of $144,400 needed to afford the monthly payments of a home priced at $786,750.
Fuente: OakTribNews - 🏆 597. / 51 Leer más »

Accessory dwellings get another look in tight housing marketAmid a persistent housing crunch in many parts of the country, some people are finding a solution in Accessory Dwelling Units, or ADUs, also know as granny flats, in-law units or backyard bungalows…
Fuente: ladailynews - 🏆 332. / 59 Leer más »