Housing Giants - October 24, 2008 - (Page 9) Both presidential candidates have a plan to help homeowners renegotiate mortgage terms but disagree on specifics. Photo by: Allan Baxter approximately 7.0 percent. To further play it safe in this volatile economy, the 173-page Fitch report authored by Bob Curran, added a box labeled “What if.” The text begins, “Although not Fitch’s current forecast, there is a possibility that the U.S. economy may enter into a sharp recession, extending into 2009. If so, housing macro statistics could prove to be weaker than currently forecast.” When the economy does start to improve, a stronger, better new-housing market will emerge, some say, but it will take some time for builders to ramp up their business, re-hire laborers who have left the slowing industry, boost pre-sales and wait for a new administration to get situated in the Oval Office. During the last presidential debate, although both Senators John McCain and Barack Obama mentioned favoring a plan to help homeowners renegotiate mortgage terms so owners could afford to stay in their homes, they disagreed, without giving specifics, on exactly how that should be done. If the next builder confidence survey from the NAHB/WELLS Fargo Housing Market Index (HMI) reflects a similar reaction to the $750 billion bailout as it did with the survey released after the passage favoring the first-time home buyer tax credit and the placement of www.Housinggiants.com 10.24.08.Housing giants http://www.johnmccain.com http://www.barackobama.com http://www.nahb.org/page.aspx/category/sectionID=134 http://www.nahb.org/page.aspx/category/sectionID=134 http://www.housinggiants.com
Table of Contents Feed for the Digital Edition of Housing Giants - October 24, 2008 Housing Giants - October 24, 2008 Contents Viewpoint News & Moves Sell Private Equity Housing Giants - October 24, 2008 Housing Giants - October 24, 2008 - Housing Giants - October 24, 2008 (Page Cover1) Housing Giants - October 24, 2008 - Housing Giants - October 24, 2008 (Page Cover2) Housing Giants - October 24, 2008 - Housing Giants - October 24, 2008 (Page 3) Housing Giants - October 24, 2008 - Housing Giants - October 24, 2008 (Page 4) Housing Giants - October 24, 2008 - Contents (Page 5) Housing Giants - October 24, 2008 - Viewpoint (Page 6) Housing Giants - October 24, 2008 - Viewpoint (Page 7) Housing Giants - October 24, 2008 - News & Moves (Page 8) Housing Giants - October 24, 2008 - News & Moves (Page 9) Housing Giants - October 24, 2008 - News & Moves (Page 10) Housing Giants - October 24, 2008 - News & Moves (Page 11) Housing Giants - October 24, 2008 - News & Moves (Page 12) Housing Giants - October 24, 2008 - News & Moves (Page 13) Housing Giants - October 24, 2008 - Sell (Page 14) Housing Giants - October 24, 2008 - Sell (Page 15) Housing Giants - October 24, 2008 - Sell (Page 16) Housing Giants - October 24, 2008 - Sell (Page 17) Housing Giants - October 24, 2008 - Private Equity (Page 18) Housing Giants - October 24, 2008 - Private Equity (Page 19) Housing Giants - October 24, 2008 - Private Equity (Page 20) Housing Giants - October 24, 2008 - Private Equity (Page 21) Housing Giants - October 24, 2008 - Private Equity (Page 22) Housing Giants - October 24, 2008 - Private Equity (Page 23) Housing Giants - October 24, 2008 - Private Equity (Page 24)
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