Obama touts housing recovery, lays out strategy to build on gains (Washington Post)

Photo Credit: Washington Post

Photo Credit: Washington Post

By , Washington Post
August 6, 2013

PHOENIX — President Obama came here shortly after his first inauguration 41 / 2 years ago, pledging to arrest a tide of home foreclosures and to stabilize the deeply wounded housing market.The next few years were a personal and political embarrassment for him: More people lost their homes, housing prices continued to sink, and economic growth was held back by the depressed real estate market.

But late in Obama’s first term, after he had upended his policies several times, the housing market started to rebound — and Obama returned here Tuesday to celebrate that recovery and insist that more work needs to be done.

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