BofA CEO: Housing market is fairly stable

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"We are encouraged by the momentum we are seeing from our strategic investments and believe that the current health of the U.S. consumer and a stable housing. at Bank of America Merrill Lynch.

As we said in the past, we are focused on creating a stable and growing income stream. continues to lead in their respective market. This is a testament to the superior quality of our real estate.

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Bank of America Corp. Chief Executive Brian Moynihan said the U.S. housing market is "fairly stable" at a Wall Street Journal event in New York Wednesday. Fears that the post-great recession bull market will come to an end are mounting, as are fears of outright economic downturn.

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"The housing market is stable," said Moynihan, speaking to reporters in Boston on Thursday. He said factors like unemployment levels would have a much greater impact on home prices than the.

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The Denver real estate market is ridiculous with double digit growth for 5 years plus. While Little Rock has seen barely inflation growth in home prices. I will tell you the underwriting standards on housing are significantly superior to the last time. real estate corrections should be local based on what is happening in the local area.

In speaking with Bill Gassett, the owner of Massachusetts Real Estate News, he suggested his market should remain fairly stable. Gassett doesn’t see the real estate market experiencing a dramatic change. He does expect that local real estate markets will be less crazy, including fewer homes with bidding wars. Balance is the key word he used.

These factors include prices and market demand for natural gas. I’ll now turn the call over to our CEO, Mr. Mike Krimbill. Thanks Trey. Good morning and thanks for joining us. Fiscal 2019 has been.