housing recovery: BOA CEO says some owners should not look at a home as an asset - blames low population growth - 04/12/11 12:11 PM
Bank of America has revealed the astonishing truth about what is holding back the housing recovery. Low population growth! The population isn't growing as fast as it did in the post World Wars I and II era.
It is truly amazing how BOA finally found the smoking gun.
I wasn't there when announcement was made, but some of these people were:
MSNBC: http://www.msnbc.msn.com/id/42556230/ns/business-real_estate/
Wall Street Journal: http://onespot.wsj.com/realestate/2011/04/12/d0af8/bofa-ceo-owners-shouldnt-look-at-home-as
Huffington Post: http://www.huffingtonpost.com/2011/04/12/bofa-ceo-moynihan-some-pe_n_848312.html
 
 
… (4 comments)

housing recovery: Will There Be a Housing Recovery or an Attitude Adjustment to a Market that Reset Itself? - 09/19/10 05:11 PM
Hundreds of housing predictions flow into the airwaves and the bandwidth every day. Government, universities and financial reporters all have their opinion of the day. The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) have their predictions, too.
However, the market is now under the influence of many programs:
HAMP and non-HAMP loan modifications HAFA Short Refi Fallout from the expired $8,000 tax credit program A variety of incentives and deterrents from FHA, FNMA and Freddie Mac These are just a sample of foreclosure avoidance experimental programs from the last 12 months. The government and the banks have … (5 comments)