Complete wind-down could take 5 years
In a speech this week focused solely on housing, President Barack Obama addressed the reform of GSEs — Fannie Mae and Freddie Mac. But with this topic of reform comes many questions. And so, Trulia (TRLA) Chief Economist Jed Kolko sat down with Business Insider's Josh Barro. Here is what Kolko had to say:
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]
