(Reuters) - The spike in foreclosures reported by RealtyTrac
underscored another problem plaguing the U.S. housing market,
which has also been struggling with falling demand and hefty
inventory.
Analysts and the Federal Reserve have cited the housing
problem, exacerbated by the subprime blowup, as the biggest
risk to economic growth. Bond traders are betting that the Fed
would begin cutting interest rates later this year to cushion
the economy from a housing-led slowdown.
Read more at Reuters.com Bonds News
underscored another problem plaguing the U.S. housing market,
which has also been struggling with falling demand and hefty
inventory.
Analysts and the Federal Reserve have cited the housing
problem, exacerbated by the subprime blowup, as the biggest
risk to economic growth. Bond traders are betting that the Fed
would begin cutting interest rates later this year to cushion
the economy from a housing-led slowdown.
Read more at Reuters.com Bonds News
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