Valley real estate analyst Belfiore weighs in on president’s housing speech

By Natalie Brand | 3TV

3TV watched President Obama’s speech in Phoenix with Valley real estate analyst Jim Belfiore.

In the president’s five-point plan, Belfiore said lending was the No. 1 issue that jumped out at him.

“We should simplify overlapping regulations and cut red tape for responsible families who want to get a mortgage but who keep getting rejected by banks,” Obama told the crowd at Desert Vista High School on Tuesday.

“The lending community does need to ease up on restrictions,” said Belfiore of Belfiore Real Estate Consulting.

Many analysts agree current standards are too strict.

Continued:

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August 7, 2013

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