...Sherle R. Scwhenninger, director of the Economic Growth Program at the New America Foundation, said the housing market urgently needs help.

“Right now, for Nevada and the country, it’s probably more important to have a package that could help stem or provide a softer landing to the housing market,” he said.

“There’s clearly real pain,” Scwhenninger said. “It’s a great moment to get some housing relief out there to stem the downward spiral and the recessionary pressure it creates...” LINK