- Insufficient Supply: Home Buyers Outnumber Sellers in the U.S
The ongoing housing market recovery in the United States should be in the midst of a boom, but a shortage of home supplies is holding it back. Springtime is traditionally a busy time for the real estate industry in the U.S., but current low levels in the inventory of listings could dampen the recovery efforts. Such are the observations by news agency Reuters and real estate analytics firm Redfin.
- Mastermind of the Great Bailout Supports Fannie and Freddie Reform
Henry Paulson, Secretary of the United States Treasury under the administration of former President George W. Bush, recently shared his thoughts to the press with regard to Fannie Mae and Freddie Mac’s return to profitability. Appearing in an interview with Bloomberg TV, Paulson remarked that he could not believe the good news; he also mentioned that he believes the two mortgage investment giants should still undergo comprehensive reform.
- White House Pushes to Make Mortgages More Accessible to Borrowers
Despite the severe economic downfall left behind by the bursting of the housing bubble, home ownership remains as one of the tenets of the American Dream. For many first-time homeowners these days, however, fulfilling that portion of the American Dream is becoming increasingly difficult due to strict mortgage lending guidelines and requirements. This is an issue that the White House wants to alleviate.