This is not my original idea, but I don't remember where I heard about it.

Give a green card to any immigrant who comes here and buys a house. Think of the demand!

Details would have to be worked out, but I like this idea.

We should lower the mortgage principal on homes to 2004 prices and on existing mortgages to 2 percent interest only for 5 years with a possible renewal depending on economy. This should apply to both primary and investment property. A new buyer should also be able to assume that interest mortgage payment. This would only apply on existing mortgages. This will keep people in there homes whether they are primary owners or tenants.
Give an exemption to all people who had good credit before the real estate escalation who had short sales. Another words don't effect there credit with a strike against it. The reason why the interest rate has to be at 2 percent on existing mortgages is because that amount will be close to what you can rent the place for. This program would definitely stimulate the economy and get people buying again. Limit building in certain areas until the supply catches up with the demand. Some people don't want to help the middle class but that's the group that has the most mortgages. That's the group that has helped this economy. This is what needs to be done to give America the confidence to get back out there and grow this economy. No foreclosures as long as owners will start paying the 2 percent interest only payments based on the 2004 prices.