FED SLOWS ITS PROGRAM TO HELP HOUSING MARKET

By now, most of you have read the news stating that the Fed is slowing it's program to buy mortgage backed securities in the open market.  The Fed is doing so as it believes that the economy is on the mend thus there is no need to keep pressure on lower interest rates.  What do you think?  Is the Fed making its move too early?  Many believe that another round of foreclosures and short sales is forthcoming and that the commercial real estate market is headed downward.  Where do you stand-do you see the glass as half empty or half full?  Your comments are welcome.

Gregg Munson