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Housing recovery to take few more years: Geithner
May 25, 2011 / 1:02 PM / 6 years ago

Housing recovery to take few more years: Geithner

<p>Treasury Secretary Timothy Geithner is pictured at a briefing on the Social Security and Medicare Trustee reports released at the Treasury Department in Washington, May 13, 2011. REUTERS/Jason Reed</p>

WASHINGTON (Reuters) - It will take several more years for the housing market to completely recover, U.S. Treasury Secretary Timothy Geithner said on Wednesday.

“We’re sort of three or four years into the housing repair, you could say,” Geithner told Politico in a live interview.

“But we’ve got several more years to go. Again just realistically I think it’s going to take time still to heal that,” Geithner said.

Geithner also said the United States “absolutely” has a jobs crisis, noting that unemployment remains very high and will come down “too slowly for everybody.”

Reporting by Doug Palmer; Editing by Chizu Nomiyama

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