Wall Street Webcasting Presents Wells Fargo Securities:Are Fed’s Policies
Fixing the Housing Market?
NEW YORK -- January 24, 2013
Wall Street Webcasting presentsexclusive video of Rich Gordon, the highly
regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC).
This week Gordon examines the United States’ past to see if history is bound
to repeat itself.
Housing prices have been recovering for the past nine months and recently, due
to the Fed’s purchases, the price gains have been relatively strong. As the
Fed pushes mortgages lower they are pushing housing prices higher. Gordon
states that “housing prices are now growing at a much faster annual rate than
the annual interest rate on mortgages used to finance the properties.”
Currently, the housing market resembles the trend from late 2003 to 2006, but
will this produce another real estate bubble?
To hear Gordon’s predictions for the real estate market, tune into Wells Fargo
Securities’ newest video.
Please visit the following link to view the video:
Wall Street Webcasting
Tracy Lewin, 201-683-2100
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