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RealtyTimes: Real Estate News and Advice

Kenneth R. Harney

Here's a perspective that we don't get that often: The inside real estate forecasts of some of the top executives of America's biggest banks.

Speaking at a private financial conference in London last week, the bankers were moderately upbeat about where we're headed in housing and mortgages.

Howard Atkins, chief financial officer of Wells Fargo, was quoted in the American Banker newspaper as saying that lower mortgage rates -- the latest 30-year average dropped below 6 percent again last week -- plus more affordable housing, and banks newly strengthened by capital infusions, should trigger a recovery this year.

Read Kenneth Harney's complete article

  

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