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Mortgage & Housing Market News from HSH.com

Of stimulus and entrenched constituencies

July 31st, 2009 | Leave a Comment | Posted in News by Tim Manni

The main selling point of the $787 billion American Recovery and Reinvestment Act of 2009, a.k.a. the stimulus package, was that it would be “targeted, timely, and temporary.” While much debate has ensued over whether the stimulus package has met any of those goals to date, some lawmakers want to add another $88 billion to it:

A disparate collection of lawmakers and special interests is pushing to extend tax credits and other benefits — effectively proposing another economic stimulus with a price tag of at least $88 billion.

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Vote: Are You Still Optimistic About the Stimulus?

June 23rd, 2009 | 5 Comments | Posted in News by Tim Manni

A recent poll suggests that some Americans are losing patience with President Obama’s stimulus package. According to a Washington Post-ABC News poll, 52% of respondents feel the stimulus package will succeed in improving the economy. The latest results compare to an approval rating of 59% just two months ago:

The falloff since April cuts across partisan lines. Confidence in the package’s effectiveness has dropped from 81 percent to 73 percent among Democrats and from 32 percent to 26 percent among Republicans. Among independents, it has dropped from 56 percent to 50 percent. What was once a clearly positive assessment of the program among independents (56 to 39 percent) is now an almost even split (50 to 47 percent).

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Cities and Counties Start Their Own Stimulus

March 12th, 2009 | Leave a Comment | Posted in News by Tim Manni

From California to Pennsylvania,  cities and counties across the U.S. have decided they can’t wait to receive their slice of the stimulus package, so they’re creating their own:

More than 16 states are preparing their own stimulus packages, which are expected to total about $10 billion in spending, according to the National Conference of State Legislatures. At least 30 cities and counties are undertaking more localized efforts, according to people involved with those initiatives.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

Our bloggers:

Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

Peter G. Miller

Peter G. Miller is syndicated to more than 100 newspapers and operates the real estate news site, OurBroker.com.

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