Roundup of key housing commentary this week.
– Profiles in Fed Cowardice (Krugman) – Near Term Market Movers (Patti Domm, CNBC) – QE2: Who Ended Up Benefitting? (SmartMoney) – Winklevoss Twins Give Up on Facebook Case (Mashable) – 10 Fees That Can Wreck retirement Savings (Marketwatch) – Economists Debate Mortgage Interest Deductibility (MortgageNewsDaily) – If Slowdown Is Temporary, When Will Data Flow
Think back to this time last year. We were less than one month from the end of the Fed’s first round of quantitative easing (QE1) which was a $1.25t mortgage bond buying campaign. Anticipating the end of Fed support, mortgages were selling and rates were rising, but then Greece’s bailout triggered a European debt crisis
Warren Buffet released his Berkshire Hathaway annual shareholder letter today, which is widely read for signals on the broader economy. Here’s what he said about housing: “A housing recovery will probably begin within a year or so. In any event, it is certain to occur at some point.” A bit open-ended. And CalculatedRisk noted that