Survey Shows U.S. Government Not Doing Enough
Mike Colpitts
July 08, 2009
A large majority of people surveyed say the U.S. government is not doing enough to save the country from falling into an economic depression, according to a new Housing Predictor poll.
The survey, conducted over the last three weeks, showed that 62% of those who responded to the poll said Congress and the new White House Administration is not doing enough to help the country avoid an economic depression. Policymakers and the Obama administration have provided bail-outs to bankers, the ailing auto industry and other commercial enterprises, including the auto industry.
The economic crisis started in the housing market from a tsunami of bad mortgages made by bankers and sold on Wall Street resulting in the worst foreclosure epidemic in the nation´s history. More than 4.2-million homes have been foreclosed so far in the crisis and nearly another 6-million are forecast to be foreclosed unless government leaders come up with solutions to solve the epidemic.
More than 2.1-million homes sit vacant as a result and an increasing number of homeowners are unable to obtain refinancing on their mortgages. More and more conventional mortgage holders are walking away from their homes as a result of falling home values, which have fallen as much as 80% in some of the country´s worst hit housing markets.
Housing Predictor forecasts more than 250 housing markets in all U.S. states, updating forecasts throughout the year as market conditions change. Leading real estate companies, home builders, Wall Street bankers, real estate investors, home owners and many of the country's largest retailers depend on Housing Predictor forecasts.
Check your market forecast, search real estate listings, find a foreclosure and check the latest real estate news at http://www.housingpredictor.com
The survey, conducted over the last three weeks, showed that 62% of those who responded to the poll said Congress and the new White House Administration is not doing enough to help the country avoid an economic depression. Policymakers and the Obama administration have provided bail-outs to bankers, the ailing auto industry and other commercial enterprises, including the auto industry.
The economic crisis started in the housing market from a tsunami of bad mortgages made by bankers and sold on Wall Street resulting in the worst foreclosure epidemic in the nation´s history. More than 4.2-million homes have been foreclosed so far in the crisis and nearly another 6-million are forecast to be foreclosed unless government leaders come up with solutions to solve the epidemic.
More than 2.1-million homes sit vacant as a result and an increasing number of homeowners are unable to obtain refinancing on their mortgages. More and more conventional mortgage holders are walking away from their homes as a result of falling home values, which have fallen as much as 80% in some of the country´s worst hit housing markets.
Housing Predictor forecasts more than 250 housing markets in all U.S. states, updating forecasts throughout the year as market conditions change. Leading real estate companies, home builders, Wall Street bankers, real estate investors, home owners and many of the country's largest retailers depend on Housing Predictor forecasts.
Check your market forecast, search real estate listings, find a foreclosure and check the latest real estate news at http://www.housingpredictor.com
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