Weak housing market and lack of Confidence

These two (article 1 and article 2) articles demonstrate what needs to happen for some of neighborhoods to start the process of recovery. It isn't that we need to focus on the "market" itself, but rather look at the the level of confidence among the residents in that market.

From the article:

Weak markets are weak because people do not choose to live there; there is too little demand. If the goal is stabilization and revitalization, the structural problem to solve for in weak markets is confidence, not affordability. This point needs to be made again and again. To paraphrase Kevin Huffman of Teach for America, too few in our field are committed to more than the language of reform. Much of the community development has learned the words: "weak markets", "landbanking", "stabilization". What is needed now is to put them together so they aim at triggering structural change.

I believe these authors have a valid approach that can be taken, given that it needs to be long term, so that we can start to stabilize our communities and the housing in it.