Home Sales Drop Precipitously With Fear of Fed Pullout

by Anthony Sibley (AJ) on Nov 7, 2013 | Views: 428 | Score: 0
Sources: cepr.net
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Anthony Sibley (AJ)
Anthony Sibley (AJ) on Nov 7, 2013 3:49 AM said:

The most recent data on the housing market continues to support the view that the market has slowed substantially, ending its dramatic rise in the last year. This drop followed immediately from Federal-Reserve Chairman Bernanke’s comments of a potential tapering of quantitative easing, which likely had the effect of bursting the incipient bubbles that were developing in many markets.