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Housing market headwinds

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  • John Krainer
  • Erin McCarthy

Abstract

The housing sector has been one of the weakest links in the economic recovery, and the latest data continue to show only modest improvement. One obstacle to a pickup in housing demand has been tight mortgage credit standards. Indeed, loan standards for borrowers with lower credit scores have shown few signs of easing. Still, as the share of new mortgages financed in the private market has started to rise, access to credit may improve.

Suggested Citation

  • John Krainer & Erin McCarthy, 2014. "Housing market headwinds," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    • Handle: RePEc:fip:fedfel:00034
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    References listed on IDEAS

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    1. repec:ucp:bkecon:9780226081946 is not listed on IDEAS
    2. Ben S. Bernanke, 2012. "Opening remarks: monetary policy since the onset of the crisis," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 1-22.
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