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by CareyBot

Let's get beyond the slippery accounting practices of Fannie Mae in 2004 – or that matter of Freddie Mac in 2003. Both mortgage giants are shareholder-owned yet chartered by the U.S. Congress to maintain a constant flow of loan funds for the nation's housing market. You would expect a higher standard of performance. Instead, let's dwell on the amazing impact of the family home on the general economy. Single-family homes, while viewed as a solid investment for years by financial advisors, has begun to shed its dropping its "ill-liquid" moniker and become a flexible, versatile asset that has evolved into an enormous instrument of wealth in this country. In fact, a new study produced by the Joint Center for Housing Studies of Harvard University and Macroeconomic Advisers showed housi...