Bernanke sees cooling housing market
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http://money.cnn.com/2006/05/18/news/economy/bernanke.reut/index.htm
CHICAGO, (Reuters) - It's "pretty clear" that the housing market is cooling off but it looks poised for a soft landing given overall strength in the economy, Federal Reserve Chairman Ben Bernanke said Thursday.
"In combination with rising interest rates, affordability is becoming much more difficult and therefore as you would expect you are seeing some cooling in those markets," Bernanke said in a question and answer session after speaking to a Chicago Fed conference on banking regulation
CHICAGO, (Reuters) - It's "pretty clear" that the housing market is cooling off but it looks poised for a soft landing given overall strength in the economy, Federal Reserve Chairman Ben Bernanke said Thursday.
"In combination with rising interest rates, affordability is becoming much more difficult and therefore as you would expect you are seeing some cooling in those markets," Bernanke said in a question and answer session after speaking to a Chicago Fed conference on banking regulation
작성일2006-05-21 00:00
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