Carl H. Lindner College of BusinessCarl H. Lindner College of BusinessUniversity of Cincinnati

Carl H. Lindner College of Business

HUFFINGTON POST: Obama's Plan to Target Foreclosed Properties Depends on a Broader Recovery

Source:
Huffington Post
Published:
Monday, December 19, 2016 6:23 PM
Associate professor at the Carl H. Lindner College of Business at the University of Cincinnati comments on the President’s Project Rebuild, part of the American Jobs Act.

Shaun Bond, an associate professor of finance at the Carl H. Lindner College of Business at the University of Cincinnati says, “‘Foreclosures aren't the only problem going on now.’"

While President Obama’s Project Rebuild looks to put unemployed individuals to work restoring vacant and foreclosed homes, Bond says, “It could be as long as ‘three years or five years... before we see any meaningful improvement in the market.’ Such an improvement would hinge on the overall strength of the economy.”