"The U.S. Housing Market: Current Conditions and Policy Considerations"

A compelling and data-rich new January 4 Federal Reserve white paper – "The U.S. Housing Market: Current Conditions and Policy Considerations" – looks at key problems faced by the housing market and offers a framework for thinking about issues and tradeoffs for policymakers to consider. Among Fed Reserve Chairman Ben Bernanke's key recommendations: the role of land banks in dealing with low value assets, and the suggestion of increased federal funding for technical assistance for the creation and operation of land banks (see page 14-15 of the report).

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