A Slow March To Normal For The Housing Market

The housing market has come a long way since 2008 when the great recession hit, unemployment soared and the foreclosure crisis began.

Today in Phoenix, Arizona, President Obama plans to discuss a White House strategy that could energize the housing recovery even further by offering lower rates on fees charged to Federal Housing Administration (FHA) borrowers, with potential savings of hundreds of dollars a year.

NPR Senior Business Editor Marilyn Geewax speaks to Here & Now's Robin Young about the president’s plan and the outlook for the housing market in 2015.