FOMC's 2 day meeting; will they figure it out?

The Federal Open Market Committee will conduct a two-day meeting on September 22nd and September 23rd to discuss future goals and policies. Currently, the Federal Reserve’s goals are counter to one and other; it is hard to both secure the banking system and encourage economic growth simultaneously.

The current Federal Mandate that banks impose higher standards has decreased lending significantly which has as a result decreased mortgages. Decreasing the lending helps to strengthen the banks but it weakens the real estate and construction markets. Can we justify slowing down the housing and construction markets? In the past they have accountant for a significant amount of economic growth.

I have seen the impact that harsher lending policies have had on homebuyers and it has made it harder for them to purchase a home. However, the banks can’t just lend to anyone and everyone; the ideal would be to find a balance between lending too much and not lending enough. Right now, the builders and the developers are forced to think outside the box to help clients wishing to buy homes; this puts more responsibility on the builder and developer. We have certainly come up with creative ways to get clients in our home with out lowering out prices.

It isn’t only Landmark that is thinking outside the box; many developers are offering buyers their own financial aide to get clients into one of their homes.