...I wouldn't (click here) be at all surprised to see the US homeownership rate fall a lot in coming years, back down below even its long-term mean around 64%. And if that happens, prices—both to rent and to buy--are almost certain to fall from current levels....
Home Ownership is the American Dream. It has been the security of the majority of Americans into their retired years. That reality is still not returned to the nation. The harm done by the Republicans screaming about the budget to date has yet to be measured. There has to be legislation in place for the President and Senate to draw on should the economy become any more soft than it already has become.
Additionally, the budget cuts need to begin with a repeal of the Bush Tax Cuts for the wealthy. All that needs to be held in reserve should the nation need it. The incoming Republian Majority is divided with the inability to settle their own arguments, yet alone address the needs of the nation.
