Real Estate Wire/Green Trends News Wire

(REAL ESTATE WIRE) - Gene Sperling, a top economic advisor to Democratic presidential candidate Hillary Clinton, today said that housing will play an important role in a Clinton administration. "For Hillary Clinton, growing middle class jobs and middle income security is the single lens in which she will judge economic policy," Sperling said in an address to the National Association of Home Builders (NAHB) Board of Directors at their Midyear Meeting in Miami. "What better helps the middle class than housing? Housing creates jobs in the United States. There is probably no other sector that creates jobs throughout income levels - from construction jobs to professional and servicing jobs." Noting that the credit pendulum has swung too tight in the aftermath of the Great Recession, Sperling cited a study from the Urban Institute that compared credit availability during the pre-crisis levels to the standards of today. The study found that 5 million fewer home loan...

ED BRADY By MIKE BONTS EDITOR The industry been looking for some acknowledgement from the field of presidential candidates that they understand the role housing plays in the success of the economy and welfare of Americans. According to the Housing Wire part of Hillary Clinton’s $125 billion Economic Revitalization Initiative  program is a $25 billion housing investment program that aims to “lift more families into sustainable homeownership.”  This will be accomplished by offering down payment assistance, increasing housing counseling programs, expanding beyond traditional credit scores, building more affordable rental housing, clarifying lending rules and other changes. Ed Brady, chairman of the National Association of Home Builders, favors the housing impact of the former Secretary of State's recently economic revitalization agenda. "We applaud Secretary Clinton for recognizing the significant role that housing plays in our local communities and economy and ...