Update on U.S. Economy and Housing Market

In this April 27, 2010 photo, a sold sign is posted outside a home recently listed for sale, in Mariemont, Ohio. Home prices rose in nearly 60 percent of U.S. cities in the first quarter of this year, as the housing market started to stabilize thanks to billions of dollars in federal spending. - AP Photo/Al Behrman

In this April 27, 2010 photo, a sold sign is posted outside a home recently listed for sale, in Mariemont, Ohio. Home prices rose in nearly 60 percent of U.S. cities in the first quarter of this year, as the housing market started to stabilize thanks to billions of dollars in federal spending.

AP Photo/Al Behrman

Update on U.S. Economy and Housing Market

Concerns about the U.S. housing market persist despite some positive signs of economic recovery. Millions of homeowners lost their homes since the financial crisis hit and millions more are expected to face foreclosure in the next four years. For those seeking to buy a home, securing a mortgage remains a challenge. An update on the housing market and health of the economy.

Troubles in the U.S. housing market persist amid positive signs of overall economic recovery. More than 6 million Americans have lost their homes since the nation was hit by a financial crisis. And millions more are expected to face foreclosure in the next few years. For those seeking to purchase a home, securing a mortgage remains a challenge, especially for first-time and middle-income buyers. Proposed changes in mortgage finance rules by the federal government could make it even more difficult. An update on the housing market and U.S. economy.

Guests

Michael Greenberger

professor, University of Maryland Law School; director, Center for Health and Homeland Security; and former senior regulator, Commodities Futures Trading Commission.

Dina ElBoghdady

real estate reporter for The Washington Post.

Vincent Reinhart

is resident scholar at the American Enterprise Institute; former director of the Federal Reserve Board's Division of Monetary Affairs.

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