Our surveys show that
households getting into the market are doing so for all the right reasons.
Not exact matches
But by simply returning to underwriting standards that are close to what has been historically normal, ¬ lenders can do what the federal government is digging itself deeper
into debt trying to do: spur the economy by
getting responsible
households back
into the housing
market.
It's been seven years since then, and about 3 million
households have either
gotten back
into the home ownership
market or are poised to.
«Not only does it show the commitment of the federal government to protecting home owners,» says Dennis Patillo, 2008 chair of NAR's Taxation Committee, «but it reduces the chance of financially strapped
households going
into foreclosure and not having the inclination, or the ability, to
get back
into the
market in the future.»