Page 21 - Housing Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Becoming homeowners and start making the cycle work to a better cycle. jenna: the intention of the plans as you mentioned was to soften the blow of the housing market. and in your opinion it just delayed it. so now we're going into another election cycle. how do you think housing plays as an issue for 2012? does it have a role? >> i think it does have a role. it has a role particularly in a lot of these markets. like the signs you just showed. in florida, nevada, california, these are places that were really hard hit in the housing market, and i think -- and they are continuing to feel that pa...

They rolled out the deals to try to get people to come back to them. you could see economic growth take a hit as well. if you look at food, energy, all the stuff going up, combine that with the housing problems, people aren't feeling as wealthy. whatever the case may b some of the analysts have lowered their growth estimates for the quarter. you are seeing that happen. >> this is all feeding this inflation pain. long-term outlook is what? >> depends who you ask. the fed is saying the inflation is contained, not a worry right now. they're reluctant to take action. from a consumer perspective, w...

What happens? you can't pay your mortgage. these housing problems are not a function of subprime in '06. these housing problems are a direct reflection of the unemployment in 2011. 23% of mortgaged homes in america, 23%, call it 1? 4, are under water, where they again owe more than the house is worth, the foreclosures up to 1 million last year, 2010, that was a newspaper better that was -- i won't layer too many more statistics to back up my point. there's a massive unemployment in housing crisis that's been created in this country, what can/should we be doing about it? >> well, this is where ...

Average nevadaens view the race. >> harry reid is the most powerful democrat in the u.s. senate. seeking a fifth term in office and challenged by sharron angle. this race has been nasty, divisive and neither candidate is very popular and as we found out their constituents here are tough customers. >> away from the big campaign events and cameras, the few of nevada's tight senate race looks a little different. >> right now everyone in nevada going through the housing problems and foreclosures and everything like that. >> families of this soccer match say they could use a little assist and feel ...

Average nevadaens view the race. >> harry reid is the most powerful democrat in the u.s. senate. seeking a fifth term in office and challenged by sharron angle. this race has been nasty, divisive and neither candidate is very popular and as we found out their constituents here are tough customers. >> away from the big campaign events and cameras, the few of nevada's tight senate race looks a little different. >> right now everyone in nevada going through the housing problems and foreclosures and everything like that. >> families of this soccer match say they could use a little assist and feel ...