Commentary: Housing market reality does not match government spin:

08/23/2010 | CNBC

The Obama administration tries to put a positive spin on troubling housing market figures every month, pointing to measures like record low interest rates, homebuyer tax credits and the Home Affordable Modification Program as examples of government efforts to keep home prices steady, writes this blogger. "Yes, home prices are not in freefall, as they were before the current administration took office, but I'm not sure where they're seeing 'improving expectations,' " she writes. "All I'm seeing are reports of double dips in home sales and prices, and increasing concern that the struggling job market will push more borrowers into foreclosure."

View Full Article in:


Published in Brief: