Credit availability a top housing concern: Fed's Duke

NEW YORK Fri Oct 5, 2012 2:21pm EDT

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NEW YORK (Reuters) - The lack of credit available to home buyers is among the biggest concerns in the still troubled U.S. housing market, a top Federal Reserve official said on Friday.

Fed Governor Elizabeth Duke highlighted credit availability, as well as the lack of a national appraisal database on housing, as concerns the U.S. central bank has.

(Reporting by Jonathan Spicer and Leah Schnurr; Editing by James Dalgleish)

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Comments (1)
kenezen wrote:
Yes! Your of course right!Let’s create another massive debt cycle! It will be shorter this time by far than the cycle that began approximately in 1992 and ended in 2007 in the crash of debt and hence derivatives followed closely by loss of millions of jobs and a good piece of the Middle-Class! Let’s allow once again the old mirror test and get on with it!
Don’t even consider getting rid of massive regulation and Agency oversight, getting rid of minimum wage for learners. Then inviting our displaced American Corporations back and promise No Union pressure, No EPA pressure, No NHLRB pressure! No taxes above 7% for Corporations of all kinds. Open energy provisions for Oil, Gas and clean coal!
Na! That would only create several million private sector jobs (First Year)!!

Oct 10, 2012 4:51pm EDT  --  Report as abuse
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