New measures needed to strengthen housing, Bernanke says

02/12/2012 | Wall Street Journal, The

New policies are needed to revive the country's ailing housing market, said Federal Reserve Chairman Ben Bernanke at a conference of the National Association of Homebuilders in Orlando, Fla. The weak housing market is holding back the country's economic recovery, as a high rate of foreclosures pulls down home prices, Bernanke said. He recommends turning foreclosed properties into rentals as renting activity gains traction.

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