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Expect a slow housing rebound

By Mike in with 0 Comments

President Barack Obama on Wednesday said he expects the housing market will slowly rebound over the next two years as the overall economy heals from the recession. President Obama, speaking at a town-hall event in Illinois, said “it will probably take this year and next year for us to see a slow appreciation again in the housing market.” He said his administration has been pushing banks to modify loans for people who are having trouble paying their mortgages.