Long Island NY Housing Market: Will 3% Down Help?

Home ownership rates have hit the lowest level in 20 years as the Long Island NY housing market continues to struggle following the financial crisis.
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Bloomberg's Erik Schatzker examines a proposal from President Barack Obama to incentivize the Long Island NY housing market…

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Can Obama's 3% solution awaken enough first time homebuyers to revive the Long Island NY housing market, or will the low down payment plan backfire and cause another housing crisis like we've just emerged from? Time will tell, and we'll keep a sharp eye on the Long Island NY housing market for you right here at our site. Bookmark us now and come back often.
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