Update on U.S. Economy and Housing Market
AP Photo/Al Behrman
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.
professor, University of Maryland Law School; director, Center for Health and Homeland Security; and former senior regulator, Commodities Futures Trading Commission.
real estate reporter for The Washington Post.
is resident scholar at the American Enterprise Institute; former director of the Federal Reserve Board's Division of Monetary Affairs.