I live in South Mills, NC and would like to find like-minded investors to brainstorm with.
**** Bove: Housing Market Will Fall 10%-15% When Fed Stops Subsidizing Home Prices
Posted Mar 19, 2010 10:09am EDT by Henry Blodget in Recession, Housing
Related: xhb, tol, len, kbh, ^dji, ^gspc
For the past year, the Fed has been buying mortgage-backed securities in an effort to keep mortgage rates low and provide some support to the housing market. On March 31, the Fed says, it will stop buying mortgage-backed securities.
So what will happen to mortgage rates and house prices?
No one knows, says **** Bove, the wise and fearless analyst at Rochdale Securities.