Strong housing market helps reduce lingering foreclosure inventory

Ben Carson confused over ‘REO’ and ‘Oreo’ mix-up. When the Housing Secretary’s exchange with Rep. Katie Porter went viral, "The View’ co-hosts discuss if he knew the answers to the HUD.

The FHFA has neglected its conservatorship mandate to ensure that the GSEs help stabilize the. Third, stabilizing the housing market will require doing something about the large and growing.

 · ”Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory over the past year, evidenced by 12 consecutive months of increasing bank repossessions ending in February and now evidenced by these numbers showing a sharp drop in vacant zombie foreclosures compared to a year ago,” RealtyTrac senior vice president Daren Blomquist said.

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Hidden foreclosures, lurking behind dirt-covered windows and overgrown lawns, have drained millions from Rockford’s residential property values since 2009. Absent from the local housing market.

The white paper, The U.S. housing market: current conditions and Policy Considerations, calls for increased lending to creditworthy home buyers and more loan modifications, mortgage refinancings, and short sales to reduce the rising inventory of foreclosed homes and help stabilize and revitalize the housing industry; an approach long recommended by NAR to help spur the housing market recovery.

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