Economists, Federal Reserve Argue Over 'Housing Bubble'

A new report from HSBC says American housing is overvalued and could lead to a 'hard landing' in 2005.

1 minute read

June 28, 2004, 6:00 AM PDT

While the Federal Reserve claims the rapid increase in home prices is a result of "increases in personal income and declines in nominal interest rates," HSBC thinks that with rising interest rates, a reassessment of future risk will trigger an industry-wide depression.

Thanks to Jeffrey Goodman

FULL STORY: HSBC, unlike Fed, sees U.S. housing bubble

Friday, June 25, 2004 in USA Today

Community / Economic Development United States

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