Life after a failed bailout

Real estate question of the day

Inman News

Editor's note: The following is a collection of real estate professionals' responses to a real estate-related question.

QUESTION: What will happen to the U.S. economy and the housing market if Congress does not approve the proposed bailout plan?

Joe Bourland
Manager, Realtor
RE/MAX Professionals
Avondale, Ariz.

At this point, halting the steady stream of foreclosures is the key to changing the real estate market and the economy as a whole. As Rep. Jeb Hensarling from Texas put it, “better to do it right than do it fast.” If the bill is altered and doesn’t pass again we should expect to see another drop in stocks and consumer confidence to edge down even further, causing a continued deterioration in the economy.

 See the complete list of answers at http://www.inman.com/news/2008/09/30/life-after-a-failed-bailout