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Feds to Bolster Housing Market as Crisis Grows

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Feds to Bolster Housing Market as Crisis Grows

Economy

Feds to Bolster Housing Market as Crisis Grows

Feds to Bolster Housing Market as Crisis Grows

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  • <iframe src="https://www.npr.org/player/embed/14075152/14075103" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The housing market seems to be on a downward spiral with mortgages becoming costlier, home prices falling in some areas, and the high number of unsold properties on the market. Borrowers went in to loans trying to stretch the amount they could pay. Roger Lowenstein, author of The Origins of the Crash: The Great Bubble and Its Undoing, speaks with Steve Inskeep.

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