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In Obama's Second Term, What Will Happen to the Housing Market?

uvuvuv Wrote: Nov 19, 2012 11:34 AM

the tax credit program that obama originated was supposed to generate a critical mass in real estate transactions, where people would say, oh the credit expired but we still want to buy your house. i think the sellers should have gotten this instead of the buyers, because the buyers can always decide whether to buy or not, but many sellers were facing hardship circumstances that forced their hand. but in any case the tax credit caused more disruptions than it helped, just like cash for clunkers.

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In Obama's Second Term, What Will Happen to the Housing Market?

The most glaring absence during the hard-fought campaign between President Barack Obama and Mitt Romney was any offer of substance regarding the housing market. It was, after all, a housing bubble-driven financial crisis that helped propel Obama to victory in 2008 and recent improvements in the housing market that perhaps helped secure his re-election Tuesday night. So housing policy was always there, even if only in the background. What does the next four years likely hold for the housing market?

Well, Obama's victory means that Federal Reserve Chairman Ben Bernanke will keep his job, at least...

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