Breaking News - CNBC report 02/18/2010
Is anything Really Working?
Is the federal government really getting out of the mortgage market at the end of March?
If the housing programs have so far only helped 12% of those affected, should the government actually get out of housing altogether and let the floor fall where it may, as some are suggesting?
These are the kinds of questions that have so many in our industry buzzing. Yesterday the conversation continued on a CNBC newscast, The Road to Recovery.
What do you think? Is housing getting better?
Has the government helped housing at all? Have foreclosure rates been artificially delayed as so many short sale and REO designation sellers keep claiming?
Are the programs working, or helping homeowners, or housing prices, or housing demand? Are they "making homes affordable"? And is so-called "strategic default" a viable option in the bigger picture?