Former Federal Reserve Bank of St. Louis President and CEO James Bullard recently discussed the US housing market in an interview with Fox Business. Bullard stated that the housing market is currently in a 'wait and see' phase, indicating uncertainty about its direction. He mentioned the upcoming rate decision and analyzed jobs data as factors that could influence the market. Bullard also reacted to Janet Yellen's housing development, although the specific details of his reaction were not provided. [aaf5585b]
Michael Bright, CEO of the Structured Finance Association, recently appeared on Bloomberg's 'Balance of Power' to discuss the Federal Reserve's decision to hold rates steady and the potential risk of forcing the US economy into a recession. Bright acknowledges the credibility crisis the Fed faced last year and emphasizes the need to continue monitoring data. He also expresses concern about the housing market, particularly the lack of housing supply. Bright highlights the impact of high mortgage rates and calls for a concerted national effort to address the supply problem. Additionally, he discusses the state of commercial real estate, noting that office space is struggling while hotels and leisure industries are performing well. Bright emphasizes the need to navigate a structural shift in society and address macro factors to avoid any catastrophic outcomes. [7ffb24bc]
The US housing market is facing challenges due to a lack of supply and high mortgage rates. Michael Bright, CEO of the Structured Finance Association, expressed concerns about the housing market during an interview on Bloomberg's 'Balance of Power.' Bright emphasized the need for a national effort to address the supply problem and highlighted the impact of high mortgage rates. He also discussed the state of commercial real estate, noting the struggles of office space while hotels and leisure industries are performing well. Bright stressed the importance of addressing macro factors and navigating societal shifts to avoid negative consequences. [7ffb24bc]