Read it al“Some people are breathing a short-term sigh of relief because the likelihood of distressed sales putting downward pressure on home prices has been put off,” Lawler said. “But no one is breathing a long-term sigh of relief because when these properties eventually come on the market, we’ll have both the confidence problem and the price problem.”
Tuesday, October 12, 2010
Foreclosure Freeze May Slow U.S. Homebuyers on Legal Worry
This could lead to a larger shadow inventory and even a bigger wave of homes hitting the market once this issue is resolved. Also you see tightenting of the credit market.