The Fed’s Clinging To The Housing Market Cult

Homebuyers Keep the New York State Housing Market Hot

This is very main page disappointing, because the Fed knows that the day of reckoning has to come. No ahousing recoverya can be considered real when it cannot even sustain the modest tapering of a bizarre Fed bond-buying program. I am not one who believes QE3 is going to lead to hyperinflationait is not. Worse, QE3 is simply worthless.
For the original version including any supplementary images or video, visit http://www.worldmag.com/2013/09/the_fed_s_clinging_to_the_housing_market_cult

The year-to-date (Jan. 1 – Aug. 31) sales total of 68,660 represents a 10.1-percent increase from the same period last year. The statewide median sales price reached $242,000, an increase of 10 percent compared to the August 2012 median of $220,000. The year-to-date (Jan. 1 – Aug.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/homebuyers-keep-york-state-housing-140000313.html

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