Latest FOMC efforts will this help the housing market?

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Real Estate Agent with Howard Hanna - Avon Lake, OH 2006004434

Have you read this today on what the government is doing to stimulate the market??  What is your take?

"Today the Federal Open Market Committee announced a new round of asset purchases — better known as quantitative easing — that will target the housing market. The FOMC plans to buy $40 billion worth of mortgage-backed securities per month on an open-ended basis in an effort to further drive down interest rates."

The full article is here in Forbes this morning.

 
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Stanley Stepak Jr. M.A.

Realtor

Howard Hanna - Gold, Avon Lake, Ohio

440-476-0234

Check out my profile at:stanleystepak.howardhanna.com              

Email me at stanleystepak@howardhanna.com  

Homes for sale in Avon Lake area are most sought after because of the superior schools, community activity and recreation, and park like setting this community offers. .If you are planning on buying, selling or relocating in the Avon Lake area, please give me a call as your Avon Lake Realtor.  I would be more than willing to help you with all your Real Estate related needs.

 

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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
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There is no government initiated action that will substitute for genuine consumer or business market activity.

Whose money are they spending every month??

 

Sep 13, 2012 10:55 PM #1
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Stanley Stepak

Realtor - Avon Lake, Avon, Bay Village, Westlake,
Looking to sell or buy a home in the Avon Lake area
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