Diana Olick

“the Kellers...had a $168,000 mortgage but their home has depreciated to $100,000 because home prices in Reno, Nev., have dropped 50 percent since the peak of the housing market.”

“they saw that their home price had appreciated to $250,000. That is, their home price doubled in just eight years.”

“the president three times so far in the speech he’s doing right this moment has used the word responsible”

“we did confirm from county documents and then from the White House that the Kellers, in fact, bought their home in 1998 for $127,000 with a $127,000 mortgage.”

“they did a cash-out re-fi in 2007, took out $51,000 to pay down debt on their family business.”

“their home price had appreciated to $250,000. That is, their home price doubled in just eight years.”