Is this guy dreaming?
Q: When will the housing market rebound?
A: There's no question we've come a long way in stabilizing the housing market. House prices were dropping for 30 straight months before the president came into office, and predictions were they'd drop another 5% to 10% that year. In fact, they went up the year the president came into office. and really they've been stabilized from the crisis that we saw. So the key issue now is when will we see this fragile market turn into a stronger recovery. Nobody has a crystal ball. So many things affect the housing market. But with the strong job growth that we've seen, over 2 million private-sector jobs since the beginning of last year, most folks are predicting that we'll see by fall or early next year stable growth once again
Who is this guy trying to fool? The brief recovery in prices in 2009, spurred by government aid to first-time buyers, has now been entirely snuffed out, and the average American home now costs 33 per cent less than it did at the peak of the housing bubble in 2007.
Q: Are lenders making it too difficult for home buyers to get loans? A: There are a lot of things we've done to try to improve lending. At the same time, we have to realize that home ownership remains an important stepping stone to the middle class. and a critical way that middle class families build wealth and raise their families. So we have to get that balance right, and I am concerned we've seen some folks go too far with lending standards today. But really what it points to is how important FHA is. The Federal Housing Administration last year helped 40% of all home buyers get loans and about 80% of the folks we helped were first-time home buyers.
Could that be because the government offerred a $8000 1st time buyers credit?
Q: How can you expand affordable housing amid budget cuts?
A. "We need a 21st century federal government. That means we've got to do things smarter; we've got to get more for less in the work that we do. We have a range of things we're doing that will allow us to increase the amount of affordable housing we have without spending more money or hurting us on the deficit side. To give you some examples, we're doing a lot to leverage private-sector investments. When we invest in green retrofits for housing, we save money. So we can use that savings to improve the housing we have, to invest in housing to make it more affordable at no cost to the taxpayer
Ok now this is just plain stupid.
What is it that makes some people so oblivious to the real world around them?
Answer by sweet-a-kins at 2:28 PM on Jun. 6, 2011
Answer by Anonymous at 2:30 PM on Jun. 6, 2011
Answer by meriana at 2:51 PM on Jun. 6, 2011
Answer by sweet-a-kins at 3:13 PM on Jun. 6, 2011
Answer by UpSheRises at 3:26 PM on Jun. 6, 2011
Answer by LoriKeet at 6:08 PM on Jun. 6, 2011
Answer by Carpy at 7:31 PM on Jun. 6, 2011
Answer by DSamuels at 7:43 PM on Jun. 6, 2011
Answer by tasches at 8:03 PM on Jun. 6, 2011
Answer by Carpy at 8:58 PM on Jun. 6, 2011
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