Even as he called for Congress to do more, Obama said the U.S. housing market was turning around.
“Over the past four years, we’ve worked to help millions of responsible homeowners get back on their feet,” Obama said. “And while we’re not where we need to be yet, our housing market is beginning to heal. Home prices and sales are rising. Construction is up. Foreclosures are down. Millions of families have come up for air because they’re no longer underwater on their mortgages.”
Obama said Congress could take action to continue the housing market’s progress.
“Congress should give every American the chance to refinance at today’s low rates,” he said. “We should help more qualified families get a mortgage and buy their first home. We should get construction workers back on the job rebuilding communities hit hardest by the crisis. And we should make sure that folks who don’t want to buy a home have decent, affordable places to rent.”
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Saturday, August 10, 2013