Thursday, October 8, 2009

Hope in the Housing Sector??




It seems President Obama and Treasury have been making some strides in the home mortgage problem. As posted on NYTimes.com, the treasury has reported that 40% of 1.2 million, or 500,000 homeowners, are finally receiving benefits from the Making Homes Affordable Program. I think this a great step forward, even if it is a small one. Its always nice to see a glimmer of hope in barrage of terrible economic news we continue to hear daily. If this can continue, more and more homeowners will have a larger amount of disposable income, which could stimulate the economy to an even larger degree.

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