Feldstein Says Home Prices May Fall Again Without U.S. Aid – BusinessWeek
Oct 06, 2010
U.S. home prices may fall again unless the government provides new aid that would enable owners to refinance mortgages, Harvard University economics professor Martin Feldstein said.
“The danger is house prices are going to start falling again because of the end of the first-time homebuyer credit,” Feldstein said in a Bloomberg Television interview. “That fall in house prices,” coupled with a lack of equity in homes, “could lead to a big increase in defaults and foreclosures, putting more homes on the market driving prices down.”
Feldstein Says Home Prices May Fall Again Without U.S. Aid – BusinessWeek.
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