Real estate researcher offers solution

A senior staffer at the National Association of Realtors has a simple
prescription for jump-starting the Florida real estate market: for the
housing market to recover, lenders need to lend. Jed Smith, head of
quantitative research for the realtors’ group, said relaxing high
credit standards would have a greater effect than lower interest rates.
He made the statement during an Urban Land Institute conference in
Hollywood.