Homeowner Affordability and Stability Plan: What does it mean for Wells County?

The Washington Post has a great story on President Obama's Homeowner Affordability and Stability Plan.

It's difficult to gauge how much this might impact the current housing market. Or how many will ultimately be helped. What is good for the nation is good for our state which has built itself into a logistics and automotive hub:
Major banks are reporting that half the folks they helped refinance last year were delinquent again in six months.
However,
economists are reporting some degree of capitulation on the part of
property owners. They say more than half of all homeowners now agree
their property has lost value in the past year.
This could be a sign the housing market is finally sensing a bottom, even if it hasn't actually reached it yet.


At this point, any positive is something to cheer about.