Housing gets mention in State of the Union address

In his State of the Union speech Tuesday night President Obama singled out the housing sector as evidence that the economy was growing stronger.

Part of our rebuilding effort must also involve our housing sector. Today, our housing market is finally healing from the collapse of 2007. Home prices are rising at the fastest pace in six years, home purchases are up nearly 50 percent, and construction is expanding again, Obama said.

He called for making sure families with “solid” credit get the financing they need to get into or stay in a home. He also said bureaucracy keeps families from realizing homeownership.

Right now, overlapping regulations keep responsible young families from buying their first home. What’s holding us back? Let’s streamline the process, and help our economy grow.

Reactions:

  • SOU: breakdown of the two housing proposals. HuffPo.
  • President targets housing in speech. LA Times.

 

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About Jon Broadbooks

Jon Broadbooks is Vice President/Communications for Illinois REALTORS®. He serves as editor of online and print content for the association’s communications including the Illinois REALTOR® magazine and e-newsletters. He conducts spokesperson training seminars and oversees website development for the Association.

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