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Will Obama's revised HARP plan (Home Affordable Refinance Program) help Skokie housing market?

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November 02 2011 - Skokie
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Answers (1)

Profile picture for the_country_hick
Define "help".

It will not help to normalize prices (lower). If it follows the history of similar programs in the past its effects will be negligible. Even if it somehow did affect the market any such effect would be short lived at best like the free $8,000 for buying a house only had a short term effect.
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November 02 2011
 

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