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Some believe U.S. policies, not economic variables, swayed home prices and sales

Posted on 08 November 2010

From Philly.com: Tax credits, mortgage modifications, foreclosures, falling prices, bailouts, Fannie Mae, Freddie Mac: All are pieces of the government’s biggest intervention in the housing market since the Great Depression.
Democrats blamed Republicans for the mess, but didn’t fix things. Will the GOP, now that it has another shot? “There is nothing the government can do, but the Fed’s second round of quantitative easing may get things going a little faster by the spring,” said economist Joel L. Naroff, of Naroff Economic Advisors, of Holland, Bucks County, referring to the Fed’s decision Wednesday to buy $600 billion in securities to spur economic growth……………………………………….Full Article: Source


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