http://www.npr.org/2012/01/23/145652487/some-bright-signs-but-housing-market-still-shaky

Some Bright Signs, But Housing Market Still Shaky

Questions!

1. Do you think USA housing market is healthy or not? Why?

2. The Federal Reserve said this month that the crash in home prices has cost $7 trillion in household wealth. What does it mean? (Using the sentences in radio.)

3. What was the name of President Obama’s foreclosure prevention plan?

 Did it succeed?

New worlds!

1. foreclosed

- foreclose: [VERB] [BUSINESS]If the person or organization that lent someone money forecloses, they take possession of a property that was bought with the borrowed money, for example because regular repayments have not been made.

2. investors

-investor: [NOUN]An investor is a person or organization that buys stocks or shares, or pays money into a bank in order to receive a profit.

3. cliff

-cliff: [NOUN]A cliff is a high area of land with a very steep side, especially one next to the sea.