Obama to announce housing bailout

We've heard about the updated first time home buyer tax credit but what about the millions of Americans who face foreclosure? read on...


http://www.nytimes.com/2009/02/18/business/economy/18leonhardt.html

Congress falls short on home buyers credit

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Realtors! Your thoughts on the final numbers associated with the first time home buyers tax credit? We have so much inventory out there...many qualified buyers...and interest rates that should soon hit historic lows! This recession began with bad lending practices and festered in the housing market. Couldn't they have put more $ towards the genesis of the problem? Am I missing something here? Your opinions are appreciated.

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