U.S. Tackles Housing Slump

The Obama administration is ramping up talks on how to revive the housing market, which is weighing on the economic recovery — and possibly the President’s re-election in 2012. Last year, advisers considered several housing-policy prescriptions but rejected them in favor of letting the market sort things out. Since then, weak demand and a stream of foreclosed properties have put renewed pressure on home prices, prompting concern within the White House.

Read more …