Solving the Housing Crisis: Investors Need to Play Vital Role

@inproceedings{Goodman2011SolvingTH,
  title={Solving the Housing Crisis: Investors Need to Play Vital Role},
  author={Laurie S. Goodman and Roger Philip Ashworth and Brian Landy and Lidan Yang},
  year={2011}
}
The housing market remains very vulnerable. We make the case that a sizeable supply/demand imbalance has been created by the fact that the housing market faces a huge overhang of homes from borrowers who are either not making mortgage payments or will be unable or unwilling to do so in the future. At the same time, 19% of 2007 borrowers would not qualify for a mortgage today by virtue of payment history alone. And the demand for home ownership has further contracted because credit availability… CONTINUE READING