What Housing Recovery? Distressed Sales Still High, Shadow Inventory Massive…



What Housing Recovery? Distressed Sales Still High, Shadow Inventory Massive… (via http://mortgagespectator.com)

Housing markets seemed to have turned a corner, with Tuesday’s Case-Shiller data adding to the optimism.  Home prices have risen for a second consecutive month for the first time since the summer of 2010, but much of this is a consequence of the falling percentage of distressed sales, while prices…



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