A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013.

There is a banking adage that if it's growing like a weed, it's a good chance that it's a weed.

An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn't describe today's economy.

The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow.

I've done work for both Democrats and Republicans.

The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.

The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.