No Housing Bottom in Sight

It has become increasingly clear that this huge and growing number of seriously delinquent homeowners may be the key to understanding where nearly every major housing market will be heading. It is not a pretty picture to contemplate. But ignoring it is no way to prepare for what is coming.

Housing Market Recovery Undermined by Seriously Delinquent Homeowners

Guest author: Keith Jurow is the author of the MVP Housing Market Report. This article was posted at Minyanville with the title “Seriously Delinquent Homeowners Undermine Hopes of a Market Recovery.” According to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey released in mid-February of this year, nearly half of all nationwide home purchases in January …