George's Blog

On Jan. 4th 2012, The Federal Reserve Bank (FRB) aka "The Fed" issued a report to Congress on their latest analysis of the U.S Housing Market. I reviewed the report and found it to be mostly accurate, which is encouraging that they at least have some idea of why the real estate market refuses to improve. They had an interesting suggestion about the disposition of the large backlog of REO's that lenders, Fannie and Freddie hold; and that is to allow the vacant homes to revert to rental properties in order to house the millions of people they have thrown out of their homes; and even to consider an innovative "rent-to-own" concept, to rehabilitate former homeowners and enable them to get back into homeowners.

At least someone over there is trying to think.

What do you think?