The Federal Reserve & Ben Bernanke are Killing a Real Estate Market Rebound

Collier Swecker video blogs about how the Federal Reserve Bank’s Chairman Ben Bernanke’s decision to purchase $40 Billion Dollars of mortgage backed securities every month will cause even more problems for the slowly rebounding real estate market. This is the Federal Reserve Bank’s third attempt at this type of stimulus action and the previous two attempts costs taxpayers billions and did not achieve any positive effects for the economy. They say that the reason for this action is to drive interest rates even lower, so that the market will rebound. With current interest rates at nearly 3% and current listing inventories at decade lows conventional wisdom, would tell you that the market would be exploding and prices increasing. Conventional Wisdom cannot be relied upon in this market and it is obvious with the low interest rates we currently have that reducing them to even 1% would not make a difference. The Federal Government needs to stop tinkering and let the market forces play out, good or bad. Oh and another reason not to spend $40 Billion Dollars every month is that the United States is flat out broke and every time they print money to fund these things they are guaranteeing inflation and weakening the dollar! If you have any questions or comments email me at Collier@MegaAgents.com, visit my blog at www.CollierSwecker.com or my website at www.MegaAgents.com.

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About Collier Swecker

Collier Swecker is a licensed real estate broker, attorney, blogger, speaker and entrepreneur. He is the founding partner of the Mega Agent Real Estate Team at RE/MAX Advantage which ranks as one of the top selling real estate teams in Alabama. Collier also acts as a business and marketing consultant for small business start-ups.

Collier graduated from Auburn University (B.A., 1998), Cumberland School of Law (Juris Doctor, 2002) and Washington University School of Law in St. Louis (Masters of Law in Taxation, 2003). Collier was the principal partner of the law firm Swecker and Sparks LLC for 3 years before leaving the law practice for real estate development and sales.

Collier is a native of Yorktown, Virginia and currently resides in Birmingham, Alabama with his wife, Amanda Capps Swecker. Collier & Amanda are the proud parents to a beautiful daughter, Julia Abigayle. They have one dog named Kramer.

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