Metro Phoenix foreclosures have fallen back to pre-housing bust levels. During February, 303 Valley houses were taken back by lenders, according to The
That said, the housing prices are hopelessly manipulated. People staying put is only part of the problem. The primary issues at hand are public / private collusion between the Fed and banks, supply manipulation (also made possible by collusion), and ZIRP accessible cash fueling...
Lenders also seem to be getting serious about short-sales, in which lenders agree to sell a property for less than it's worth, as an alternative to foreclosures. That could help clear the housing sector of the excess inventory keeping home prices down. Bank of America offers up to $30k f...
How Will Affordability Impact the Housing Market in 2022? “If affordability falls too far, some home buyers on the margin will pull back, prompting fewer bidding wars and causing house prices to moderate. In the near term, a labor market characterized by high demand, but limited supply means...