Fed Says mortgage defaults would not seriously harm the economy
Federal Reserve Chairman Ben Bernanke said Thursday that he did not believe the growing number of mortgage defaults would seriously harm the economy.Facing criticism from members of Congress about lax regulation, Bernanke also promised that the Fed would do everything possible to crack down on abuses that have put millions of homeowners in jeopardy of defaulting on their mortgages.[tags] mortgage defaults, real estate bubble, housing bubble, mortgage foreclosures[/tags] San Diego neighborhood real estate
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Homeowners should be prepared to ride out the current fluctuation, because in the long run values should continue to escalate.
Maddison
San Diego Agents
In 2005 most of the commenters on the real estate market were saying there’s no bubble and our mini boom would never end, this is a sure sign that an end is fast approaching.
Heather
San Diego California Real Estate Brokers