Why A Housing Fix Would Help Boost The Economy

by Chris Arnold, NPR

Federal Reserve Chairman Ben Bernanke this week said getting the housing problem sorted out is the key to turning around the economy. However, many buyers are waiting until the housing market bottoms out before stepping in. Millions of homes are unsold, and that glut is pushing prices lower. It may be a while before foreclosure numbers start to improve.

Broadcast Dates

• Morning Edition, July 17, 2008