Mixed Reviews on the New Refinancing Plan

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Published : October 25th, 2011
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Category : Opinions and Analysis

 

 

 

 

The latest data for the Case-Shilller Home Price Index will be released in just a little while, but, in the mean time, this segment on PBS Newshour last night about the luke-warm reception for President Obama’s latest housing initiative is worth a look.


http://www.youtube.com/watch?v=d_w_7QDHJj4&am...player_embedded


That Las Vegas street the President visited has some pretty shocking home price numbers, that is, for anyone who doesn’t live there, one property value falling from $210,000 in 2007 to under $70,000 in a sale earlier this year. It looks like U.S. government backing of a $200,000+ mortgage on a property worth one-third that amount is what we’ve come to…


 

 

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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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