Federal Reserve Report Shows Housing Market Is Dragging


The economic recovery is likely to be rocky, according to the latest Beige Book region-by-region report from the U.S. Federal Reserve on Wednesday. Tell us something we don't know. OK, the report suggests we are not headed for another recession. However, thanks to a stagnant housing market, high unemployment, gun-shy businesses and a skittish stock market, the recovery is having trouble gaining speed. The report also confirms that the homebuyer tax credit this spring created a bump in home sales that has not fully sustained itself.


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With spring home buying season around the corner, will you consider buying?
Yes. Affordability is at a 30-year high, and I should be able to qualify for a mortgage.3077 (20.4%)
No, but I would if I could. Lending in my area is still tight, and I don't have that kind of cash on hand for a down payment.5156 (34.1%)
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Nope. It's a renter's life for me.4013 (26.6%)
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