FHA Repudiates Housing Rescue Bill
[naked capitalism]
We've taken a dim view of plans to use government sponsored enterprises like Freddie Mac and Fannie Mae, and the Federal Housing Administration as vehicles to prop up a housing market that, even with its decline to date, is still overpriced in many areas of the country relative to incomes.
For This, We Need Harvard?
[Motley Fool]
For the first year or so of the current housing apocalypse, investors kept waiting for the market to hit bottom. But lately, there's an emerging recognition that the debacle may be here to stay for a good, long while.
That feeling was enhanced Monday by a study that emerged from the Joint Center for Housing Studies at Harvard. While it emanated from the nation's oldest -- and some would say, finest -- institution of higher learning, the study really didn't plow new ground. Indeed, it probably didn't plow all the ground it should have.
U.S. Housing Market Forecast: 2008-2010
[Housing Sector News and Analysis from Seeking Alpha]
