Thursday, January 27, 2005

DAVOS-Freddie Mac CEO sees no U.S. real estate bubble

DAVOS, Switzerland, Jan 27 (Reuters) - Freddie Mac (FRE.N: Quote, Profile, Research) , the No. 2 U.S. mortgage finance company, does not think that the U.S. housing market is in bubble territory, the company's chief executive said on Thursday.

"Do I think that there has been a tremendous run? Yes. Do I think that it is a major issue for the U.S. as a whole? No," Freddie Mac Chief Executive William Syron told reporters on the sidelines of an economic summit in the Swiss resort of Davos.

Housing prices are also starting to cool after recent rapid gains, especially in some local markets that have been particularly hot, Syron said.


At 12:46 PM, Anonymous Anonymous said...

People still rely heavily on on manual typewriters and portable typewriters


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