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Slim pickings in today’s housing plan

Posted By Tom Jackson On February 18, 2009 @ 7:12 pm In Construction News | No Comments

The president unveiled the details of his housing recovery plan [1]today. But according to early analysis, it may only help one in ten homeowners [2]who are underwater with their mortgages.

Reviews thus far have been lukewarm. And as economics blogger Barry Rithouse notes, prices are still too high [3]. Lots of good charts at the link.

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URLs in this post:

[1] details of his housing recovery plan : http://www.whitehouse.gov/blog/09/02/17/Signed-sealed-delivered-ARRA/

[2] one in ten homeowners : http://economix.blogs.nytimes.com/2009/02/18/obamas-housing-plan-who-will-benefit/

[3] prices are still too high: http://www.ritholtz.com/blog/2009/02/homes-still-too-pricey-to-stabilize/

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