The U.S. Housing Market
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
professor of economics, Harvard University,
chairman of the Council of Economic Advisers, 1982-1984 under President Ronald Reagan.
spokeswoman, Center for Responsible Lending; ethics teacher at Georgetown University’s graduate program in real estate studies.
co-director of the Center for Economic and Policy Research and author of a new book, "The End of Loser Liberalism: Making Markets Progressive."
chief economist of Moody's Analytics and author of "Financial Shock" and the forthcoming book, "Paying the Price."