Is It Too Late to ‘Help Housing’?
President Obama doesn’t think so….next week he will roll out another…new program.
As you know, the housing market is continuing to crash/ correct/ depreciate. Homes values fell 5.9 percent in the second quarter from a year 20% + and climbing of all home owners are underwater. HREU students know that REOs are now being released as banks finally let lose of their storied shadow inventory. Read here about the dramatic increase in REO inventory expected .
Before we get to the leaked proposed Obama Plans…here is a great video from CNBC that recaps how well previous attempts at ‘saving housing’ have gone: