Housing and Urban Development Secretary Says it is Time to Buy

In a recent interview on CNN’s “State of the Union”, Housing and Urban Development Secretary Shaun Donovan said it’s a good time to become a homowner.  While recognizing that the U.S. has a ways to go before the housing market fully recovers, Donovan was optomistic, stating that the foreclosure rate has dropped about 40% from last year.  Donovan added that it is “very unlikely we see a significant further decline.”

For more on Shaun Donovan’s interview with Candy Crowley, click here.