Relevant:
- The monster lurking in the shadow inventory -- 12 million Americans underwater with nearly 6 million delinquent or in foreclosure
- Home Prices Seen Dropping 10% in U.S. on Foreclosures: Mortgages
- Home Prices Seen Dropping 10% in U.S. on Foreclosures: Mortgages
- Happy at Last - Home Price Rebound is Real (Barron's)
- San Francisco Bay Area Home Prices Fall as More Foreclosed Properties Sold
2012-08-09 — bloomberg.com
"The turnaround in home prices feels pretty broad," Celia Chen, a housing economist at Moody's Analytics in West Chester, Pennsylvania, said yesterday. "But I think there are still risks that home prices will dip a little more before they start appreciating with any consistency,"
One threat to home values is the so-called shadow inventory of delinquent properties that have yet to enter the market. U.S. foreclosure starts rose 6 percent last month from July 2011, Irvine, California-based data provider RealtyTrac Inc. said today.
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