| A recent speech by Ben Bernanke sheds some interesting light on the housing situation in the United States. In this speech entitled "Housing Markets in Transition", Mr. Bernanke goes on at length about what ails the U.S. housing market and how the issue is impacting the so-called economic recovery. Here are a few salient points from his speech.
Mr. Bernanke opens by noting that, although the economic recovery began more than two years ago (officially in June 2009 according to NBER), it doesn't feel much like a recovery, particularly if you are one of the millions of long-term unemployed or if you happen to own or have lost ownership of a home...............................................Full Article: Source
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