Housing Market Meltdown Hits Troops Harder (Video)

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Foreclosure sign

Military families don't often have the luxury of deciding when they're going to move. They get their orders, and must pack up and leave, often being forced to sell their home in the process. This makes them much more vulnerable to the fluctuations in the housing market, according to Holly Petraeus.

Petraeus heads up Servicemember Affairs for the Consumer Financial Protection Bureau. She's also been a military wife for 37 years, as the spouse of retired Army general and current CIA Director David Petraeus.

Mrs. Petraeus testified yesterday in front of the Senate Banking, Housing and Urban Affairs Committee, bringing to light the difficulties many servicemembers and their families face in this tough economy. She told the committee that housing problems are a top concern among military families.

The Pentagon Channel has more on the story:

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