Federal Reserve chair Janet Yellen recently told Congress that flattening housing activity “could prove more protracted than currently expected.” Yellen’s comment immediately threw a Klieg light not just on real estate but on a host of other related topics affecting investors, not the least of which is interest rates.
If you didn’t immediately connect the dots, think of it this way. For most of 2013, minute ticks in housing measures seemed to signal a housing recovery was imminent.
via Yellen Is Worried About Housing, What Does That Mean For You?.
