I’ve been reading a lot of blogs online that really are optimistic on the future housing market this year and into next.  So far, there has been a lot of “forecasting” and economic “predictions” being made, one of which was that housing demand was seriously picking up and would start driving prices back upward this summer.

Nope. Housing demand is down 9% currently and buyers are falling off the market left and right, what happened??

More economic uncertainty, rising gas prices, global uprisings and all sorts of economic fears are growing across the United States.  People are scared to risk their savings and other investments into a new home at this time, especially with all the mortgage fears and credit dangers in the past few years.

But what does our government have to say about housing? Mortgages? Relief programs?

Here are some excerpts from a CBS interview with speaker of the house, John Boehner.

Well, over the last couple of years Congress has really set up four programs to help those with mortgage problems. And unfortunately, none of those have worked. And all they’ve really done is dragged out the length of time for– for the market to clear, for the problem to resolve itself, which is unfortunate. Until we get our economy moving again and until we get more people employed, taking care of themselves, taking care of their families and able to purchase a home, we need more buyers, that’s what it all boils down to. And you’re not going to have more buyers until we– until the economy improves. – Boehner

So now that the U.S. housing market is crashing as hard as ever, across the country one in four mortgages are completely underwater, what is the plan guys?

Let it ride.   Seriously, this is pretty much what their calling, we just need to let the economy do its thing and since all of our programs have failed, we don’t really know how to fix this.  We can bail out banks and our financial systems, but we will not help individual citizens across the U.S.

Well, it’s– it’s– there’s no easy answers to this. If there were, then they’d have been passed and Congress would have acted and President would have signed it. But when you– when you look at how big the problem is, it’s pretty clear to me that the sooner the market works through this process, the sooner we deal with the– the problem mortgages, we get those homes back on the market and sold — the sooner we get through this, the better off the country will be. – Boehner

No worries out there, just let the market “work though this process” and we should be good people.  Be careful of the “work through process” it could really hurt your savings, so be smart and take measures to protect your investments, today’s economy is not the best for risky maneuvers.  And, people wonder why buyers are running and hiding from the current housing market…