Foreclosure Backlog Hits 30 Months….Average Delinquency Period 537 Days

| March 29, 2011

Robert Shiller today said that inflation adjusted economic statistics are clearly in the double dip.  U.S. single family home prices fell for the seventh month in a row in January, according to the S&P/Case-Shiller index of prices.   In four cities, prices were at their lowest for 11 years, with the overall index down 0.2% between December […]

Distressed Homes In U.S. Sell At 32%-41% Discount

| December 2, 2010

The other shoe is dropping in real estate.  The banks have a lot of inventory to sell, so this will take a while!  Sales of existing homes, which make up more than 90 percent of the market, declined more than forecast in October amid the foreclosure moratoriums and the absence of the tax credit of as […]

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