October 3, 2024

San Diego housing marketFed Chief Bernanke said the deepening housing slump will probably keep dragging on economic growth, but he again pledged to "act as needed" to help the financial markets.

Also, today Treasury Secretary Henry Paulson warned: "But let me be clear, despite strong economic fundamentals, the housing decline is still unfolding and I view it as the most significant current risk to our economy. The longer housing prices remain stagnant or fall, the greater the penalty to our future economic growth."

A few of our prior posts on the Federal Reserve chief's remarks were:Former Fed Chief … Would Not Be Surprised If The Housind Drop Was “in double digits.”, $100,000 Cuts on New Homes Nationwide!, Home Mortgage Interest Rates Move Higher, Mortgage Rates Hit 6-Month Low [tags] Ben Bernake, Henry Paulson, housing market, housing outlook, real estate bubble, housing bubble[/tags] San Diego real estate agent

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