Merkley: We Must Act Now to Stop Falling Home Prices

PORTLAND, OR – June 2, 2011 – (RealEstateRama) — Oregon’s Senator Jeff Merkley issued the following statement on news that home prices have fallen to their lowest level since the collapse of the housing market:

“Nearly three years after an economic collapse caused by the actions of Wall Street, the big financial firms are back on their feet – but homeowners are not. Falling home prices are wiping out the investments made by American families, hurting our economy and triggering another wave of foreclosures. We must act now to stem this tide and keep families in their homes.

“We need to take action now to put housing at the top of our national agenda. That includes a much improved mortgage modification system and common sense foreclosure intervention including third party mediation and a national short refinance program. It doesn’t make sense to force families into foreclosures that further drive down prices.

“In coming weeks, I’ll be renewing my call to the Obama Administration to put housing issues at the forefront because our economy cannot recover until our housing market recovers.”

For more on Merkley’s plan to help homeowners, click here.

Tagged as: Home Prices

 

 

No related posts.

Recent Posts

• • IDX Acquires RealLead, a Real-Time Lead Capture Solution For Realtors
  • Roz Anderson of Dwellings Real Estate has adopted a custom IDX solution to sync listings to dynamic website
  • Debbie Smith connects with her clients in dynamic fashion with addition of IDX Broker software
  • IDX, Inc. simplifies online real estate search on iPhone-enabled website of Eric Post
  • Cascade Sotheby’s International Realty and Debra Tebbs bring detailed real estate searches to her website with the addition of IDX Broker software

Popular Posts

• • Lee Moore Elected Housing Authority of Portland Board Chair
  • Brooks Resources' President confirmed to State Board of Higher Education
  • Tetherow Integrates Elegant Lodging, David Kidd Golf and Luxury Homesites Minutes from Downtown Bend
  • State takes enforcement action against four mortgage brokers
  • Oregon receives grant money for foreclosure counseling and assistance
  • Realtor and Loan Broker Admit Participating in Scheme As Part of Pretrial Diversion Agreements
  • Public has opportunity to learn about and discuss fair housing forums scheduled for Tillamook, Klamath Falls, Pendleton and Salem
  • The Wyatt, Portland's Premier Loft Apartments Features 'Portland Happy Hour Guidebook' Author at First Thursday Even
  • Real Estate Loan Officer Pleads Guilty to Mortgage Fraud Scheme
  • Merkley Joins Effort to Protect Servicemembers From Falling Victim to Mortgage Abuses