Obama to Outline Proposals to Bolster a Lagging Housing Sector
The New York Times - January 7, 2015 - January 8, 2015
The New York Times, By Jonathan Weisman
The job market is stirring, gas prices are plunging and stocks are near record levels, but a housing sector that dragged the nation into the worst recession since the Depression remains the black spot in an otherwise resurgent economy.
President Obama, often criticized for inattention to the housing sector, will seek to address the problem Thursday, lowering insurance rates on federally issued mortgages to first-time home buyers, minorities and struggling Americans. The move is modest, producing savings of $900 a year per home buyer.
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