02/01/2012 02:33 pm ET

Obama Reveals Plan To Repair Housing Crisis In Front Of Falls Church Crowd

President Barack Obama spoke to hundreds of Northern Virginia residents Wednesday in Falls Church about his plan to revitalize the current housing market.

He said the housing crisis has been the biggest drag against getting the United States out of a recession. He said people were purchasing homes they could not afford and went into foreclosure while some homeowners went into debt refinancing their homes.

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