As mortgage credit got easier, demand for housing went up and prices wen...

Suggestion by Cratzworthy on 2007-12-20 01:46:40

As mortgage credit got easier, demand for housing went up and prices went up. Since this demand was caused by easy credit, the general prices for housing escalated to an artificial high. Part of the fix is for housing values to decline from these artificial highs thus bringing supply and demand into equilibrium. I don't think there is any amount of Fed action that can cause this to happen. It has to happen on its on.

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