The economic advisors of the Obama Administration, in addition to outside experts, say that those most impacted are individuals looking to buy a house for the first time and those with bad credit.
According to The Washington Post, the administration is "working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default."
Home Prices See Biggest Rise Since Housing Bubble
The efforts come at a perfect time as the economy continues to improve.
