extended the homebuyer tax credit deadline yesterday – putting the ball in the Senate’s court. HuffPo says thousands of homeowners may have been improperly denied mortgage relief through President Obama’s Home Affordable Mortgage Program.
Blaming the Victim, Cont. After plenty of backlash, Megan McArdle and James Stewart come to the defense of Fannie Mae’s decision to punish homeowners who walk away from their mortgages strategically.
Walking the Walk, Cont. Richard Florida says “Walkability and neighborhood quality seem to be emerging as the best hedge against massive housing price declines” – with the graph above to back him up.
Late Friday Cheers, Cont. The New York Times profiles how the Neighborhood Stabilization Program (NSP) is helping resurrect neighborhoods across the country.