All Commentary
Monday, May 23, 2011

Foreclosed Homes Drag Housing Market Down


“The nation’s biggest banks and mortgage lenders have steadily amassed real estate empires, acquiring a glut of foreclosed homes that threatens to deepen the housing slump and create a further drag on the economic recovery.” (New York Times)

Behold what government has wrought.

FEE Timely Classic
“Can the Feds Save the Housing Market?” by Robert P. Murphy