Wednesday, August 7, 2013

President Obama's New Housing Plan


Photo: The President has recently been in the spotlight after revealing the new housing plan, and thus an infographic from the White House was created about just that. The full article can be found here, http://bit.ly/17xPBw8. We want to know, what are your thoughts about the proposed plans?

President Obama recently outlined his plan for to continue growing the housing market. His plan consisted of efforts in three main areas:
  • Offer a better bargain for responsible homeowners
  • Reform the housing finance system
  • Make mortgages safe and simple
While the housing market has bounced back in many areas, there are still places where it's lagging. It will be interesting to see when and how the President's new plan will be implemented and how it will affect the market.

The President of the National Association of Realtors offered his take on the plan at realtor.org. Click here to read that article
What do you think? Will this plan help lagging markets? Will it further boost already growing areas? Will it fulfill the President's goal of "Protecting the American Dream" of middle class homeownership?
Real estate professionals everywhere will be following this as it develops and as these plans take a more definite shape.
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