Pantheon Macroeconomics - Fed Chair Yellen said in her press conference last week that she has "...been surprised that housing hasn't recovered more robustly than it has. In part I think it reflects very tight credit--continuing tight credit conditions for any borrower that doesn't have really pristine credit... my hope is that that situation will ease over time".

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22 Dec. 2014 - Don't Hold Your Breath Waiting for the Great Housing Rebound

By Ian Shepherdson

Fed Chair Yellen said in her press conference last week that she has "...been surprised that housing hasn't recovered more robustly than it has. In part I think it reflects very tight credit--continuing tight credit conditions for any borrower that doesn't have really pristine credit... my hope is that that situation will ease over time".

Posted: 22nd Dec 2014 in 'U.S. Documents'

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Keywords for: U.S. Documents | 22 Dec. 2014 - Don't Hold Your Breath Waiting for the Great Housing Rebound

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