Credit availability a top housing concern: Fed's Duke

Published October 05, 2012

| Reuters

The lack of credit available to home buyers is among the biggest concerns in the still troubled U.S. housing market, a top Federal Reserve official said on Friday.

Fed Governor Elizabeth Duke highlighted credit availability, as well as the lack of a national appraisal database on housing, as concerns the U.S. central bank has.

(Reporting by Jonathan Spicer and Leah Schnurr; Editing by James Dalgleish)