Will Expanding the Housing Market Lead to Another Bubble?

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The housing market usually leads the way out of recession, but this time around it's a drag on economic recovery.  So President Obama is going to give it a boost, making it easier for first-time buyers with low credit ratings to qualify for mortgages on new homes.

Admittedly, it's a modest proposal — $900 in savings for just 250,000 people, when more than $2 million are needed for healthy growth. But critics call it a risky first step toward another sub-prime disaster -- just like the one that started the Great Recession a few years ago.

Credits

Guests:
Stephen Oliner - American Enterprise Institute - @AEI, Catherine Reagor - Arizona Republic - @catherinereagor, Joe Light - Wall Street Journal - @joelight, Sara Stevens - APCO Worldwide, Julia Gordon - Center for American Progress - @JRGordonDC

Host:
Warren Olney

Producers:
Benjamin Gottlieb, Katie Cooper, Sonya Geis