BY NICK TIMIRAOS
The Obama administration is examining ways to pull foreclosed properties off the market and rent them to help stabilize the housing market, according to people familiar with the matter.
While the plans may not advance beyond the concept phase, they are under serious consideration by senior administration officials because rents are rising even as home prices in many hard-hit markets continue to fall due to high foreclosure levels.
Trimming the glut of unsold foreclosed homes on the market is "worth looking at," said Federal Reserve Chairman Ben Bernanke in testimony to Congress last week.
Nationally, home prices in May were ...
Email
Printer Friendly
Order Reprints
Most Recommended
“No one should criticize the...;”
“Obama is a shell game, a man wit...;”
“The Founding Fathers would have...;”
“Tolerance of intolerance is...;”
“The quote form the article is mo...;”