Bernanke: ?Continued Weakness in the Housing Market Poses a Significant Barrier to a More Vigorous Economic Recovery?

In a letter to the Congress, Ben Bernanke presented a white paper (“The U.S. Housing Market: Current Conditions and Policy Recommendations“) that details some of the Federal Reserve’s recommendations for healing the ailing housing market. The paper states that home prices are down about one third from their 2006 peak, and the loss in value [...]

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