Monday, July 21, 2008

Klobuchar Look for Foreclosure Aid

Minnesota Senator Amy Klobuchar says congress continues to watch the housing market like everyone else. She tells KLKS news, she does not know if it has bottomed out yet, or could go even lower. She says they are looking at relief for those facing foreclosure, but not for new home buyers for the sluggish new home market. The Minnesota democrat says too many foreclosures bring down the value of all real estate. She says housing values have fallen by 10 percent.

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