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Reply to "Federal Reserve: signs abound that housing market is entering bubble territory"
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[quote=Anonymous][i]”Based on present evidence, there is no expectation that fallout from a housing correction would be comparable to the 2007–09 Global Financial Crisis in terms of magnitude or macroeconomic gravity. Among other things, household balance sheets appear in better shape, and excessive borrowing doesn’t appear to be fueling the housing market boom.”[/i] Unless there are a slew of personal bankruptcies - which doesn’t look likely - it will be, at most, a minor correction. The frenzy cools. Prices stabilize. No “bubble”. [/quote]
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