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Obama’s Housing Plan: May Continue to See Falling House Prices
Although the new Obama administration housing plan is expected to help about 9 million struggling American homeowners avoid foreclosure, there are also concerns the proposal could actually extend the country’s economic woes by prolonging the freefall in housing prices.
Critics also fear the plan won’t help tens of thousands of borrowers in the most-battered housing markets who won’t qualify because the values have fallen too far.
The housing plan unveiled by the Obama administration Wednesday is intended to help 9 million struggling homeowners avoid foreclosure. But there are serious doubts about whether it will help tens of thousands of borrowers in the…
6Mar2009 | Money Morning | 0 comments | Continued
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