I just found this amazing info piece about the foreclosures in OR, and across the country. It really makes you wonder, 'what recovery?' So, lots of people are losing their homes, home prices seem to be stabilizing, the tax credit is about to expire, and the Fed will STOP buying mortgage soon...never a dull day in the real estate world.
My fear from these numbers is that there is going to be a glut of inventory soon enough. Where are all these homes going? The banks do not want to flood the market with homes, or else they risk cutting their values on other homes. So, I ask again, where is the recovery for the rest of us.
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