Since 2008, home values in the top 2012 battleground states have fallen by an average of 16%--or by nearly $28,000.
As we continue our series of five ideas for the President's State of the Union address next week, PPI is releasing a new report today arguing that home values, second only to jobs, will be a key battleground issue this year.
IDEA #3: Rescue underwater homeowners; restore homeownership wealth
In "Underwater: Home Values in 2012 Battleground States," we looked at home values in 16 potential battleground states from 2008 to 2011. We find both an enormous loss of middle-class wealth and a potentially potent political issue. We also offer up some practical first steps toward restoring home values
MORE IN OUR SERIES:
IDEA #1: Scraping regulatory barnacles off the economy—A Regulatory Improvement Commission
IDEA #2: Starting up start-ups--Improving access to credit and access to capital for smaller businesses
IDEA #4: Off-year fundraising timeouts to break the hold of money over politics
President, Progressive Policy Institute