From Inman News:
Stage is set for recovery: A Harvard University report released today states that while conditions that could support a housing recovery are taking shape now, the current job losses, falling home prices, and tight lending standards mean demand for housing remains remarkably low. How buyers respond when home prices stabilize and the economy improves will determine whether and when the home-ownership rate increases again.
From the San Francisco Chronicle:
“Vanilla” home loans could benefit borrowers: Obama’s plan to revamp financial regulation aims to protect borrowers from the confusing and high-risk mortgages that led to the financial crisis by automatically giving consumers who take out mortgages “plain vanilla” loans, such as a traditional 30-year fixed rate mortgage.
