Particularly during these turbulant economic times, myths and misunderstandings about the causes and effects of what's happening in the housing and financial markets begin to pop up. Before these misperceptions of issues become "truth" to some of us, New Hampshire Housing would like to help clarify fact from fiction. As these "myths" become known to us, we will seek out the real answers and publish them here as well as in our electronic newsletter, "New Hampshire Housing Headlines".

Myth #1: The Community Reinvestment Act helped cause the meltdown of the mortgage market

Myth #2: With the decline in housing prices, rents and homes are now more affordable for low- and moderate-income people

Myth #3: Is the foreclosure problem the same in New Hampshire as in other parts of the United States?

Myth #4: The new Workforce Housing Law requires municipalities to build workforce housing will allow developers to circumvent the local planning and zoning process

Myth #5: I owe more than the current value of my home, so I should just stop paying the mortgage and walk away

Myth #6: Lead paint is no longer a problem

Myth #7: Buying a home is no longer a good investment

Myth #8: The American Recovery and Reinvestment Act didn't do anything for the economy