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:
With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.
