Should this home be SAVED? - 06/09/10 01:17 AM
I read a wake up article recently by a mortgage market advisor  Mark Hanson, who suggests that unless foreclosures double from the April 2010 record, because of the sheer number of 'shadow inventory' homes on the market --it will take at least 8-years to clear the sales backlog of homes for sale. Wow. Which suggests, by deduction, that our national housing markets will be affected by these lower priced distressed homes lagging if not languishing on the market beside new and non distressed homes, affecting their values for years. We have no idea how long this financial recovery will really take and what the actual cost … (8 comments)