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Fiscal Cliff, Slow Progress Darken Housing Forecast: UMD Expert

COLLEGE PARK, Md. – After its greatest collapse in 80 years, the housing market appears to be bottoming out with stabilizing home prices and many markets experiencing price gains. Still, “it may be premature to call this a ‘real recovery,’” says Cliff Rossi, Tyser Teaching Fellow and executive-in-residence for the University of Maryland’s Robert H. Smith School of Business. “Looking into 2013, the ‘fiscal cliff,’ regulatory reform and other factors could put a drag on markets through the year.”

Despite historically low interest rates, potential buyers face a lot of questions before jumping in on what is their largest investment. For sellers, conditions continue to build on 2012’s nascent recovery. But will credit be readily available for first-time and repeat homebuyers? Will there be additional efforts to help struggling homeowners under water on an existing mortgage? (more…)

National Deficit Outlook Unchanged Under Obama: UMD Policy Analysis

By Guest PostSeptember 9, 2012Economy, Politicsaccumulation, afghanistan, alternative, budget control act, bush era tax, cbo, congress, congressional budget office, debt, deficit, democrats, election policy, fact check, finance, fiscal cliff, fiscal scenario, gdp, george bush, Iraq, key, national debt, philip joyce, policy issue, President Obama, presidential campaign, public policy, republican, social security, university of maryland, war, wealthy american

Public Policy’s Philip Joyce Offers Election Policy Fact Check

COLLEGE PARK, Md. – From a public policy point of view, the national debt accumulation since President Obama took office is largely a result of policies put in place prior to his inauguration, says a new analysis by University of Maryland expert Philip Joyce. He adds that Obama’s policies will make little impact in the debt over the next decade.

“The best that can be said about presidential fiscal policies thus far is that they would slow the bleeding, but they neither would stop it nor would they do much to heal the patient,” Joyce says.

The size of the debt has been one of the biggest issues of the presidential campaign, with Republicans arguing that the President has allowed the debt to rise out of control and Obama saying that he inherited the policies that led to an increase in debt and deficits. (more…)

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Fiscal Cliff, Slow Progress Darken Housing Forecast: UMD Expert

National Deficit Outlook Unchanged Under Obama: UMD Policy Analysis