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Released: July 19, 2011
No big fixes for housing market
Source: Renae Merle, Washington Post (Free Registration)
The Obama administration has no plans to introduce another large-scale program for relieving the troubled housing market, despite the president’s recent admission that his past efforts have not solved the problem, according to a senior administration official. President Obama’s acknowledgment that the weak housing market had become one of his administration’s chief burdens set off industry speculation that there could be another large government offensive to jump-start the sector. But experts said the government’s options are limited. There isn’t likely to be the money or political will to push through any significant legislation to address the problem, they said.Read Full Article: No big fixes for housing market
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