The U.S. Housing Market

The U.S. Housing Market

The U.S. housing market remains dismal: prices are down and foreclosures are up. Diane and her guests discuss ideas from the left and the right for addressing one of the country's most challenging economic issues.

Later today President Obama is scheduled to announce an expansion of an existing program aimed at helping struggling homeowners. The new federal rules will allow more homeowners current with their mortgage payments to refinance at a lower rate. The U.S. housing market continues to struggle, and its recovery, many say, is tied to an uptick in the overall economy. Despite historically low mortgage rates, 3.5 million homes are in some stage of foreclosure, nearly 15 million homeowners owe more than their homes are worth, and existing home prices continue to fall. Please join us for a conversation about the road ahead for the U.S. housing market and the U.S. economy

Guests

Martin Feldstein

professor of economics, Harvard University,
chairman of the Council of Economic Advisers, 1982-1984 under President Ronald Reagan.

Kathleen Day

spokeswoman, Center for Responsible Lending; ethics teacher at Georgetown University’s graduate program in real estate studies.

Dean Baker

co-director of the Center for Economic and Policy Research and author of a new book, "The End of Loser Liberalism: Making Markets Progressive."

Mark Zandi

chief economist of Moody's Analytics and author of "Financial Shock" and the forthcoming book, "Paying the Price."

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