Some real estate professionals are alleging that banks are stockpiling foreclosures and purposely keeping them off the market until prices in an area start to rise.
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While many experts have predicted a surge in urban centers, one housing economist says he expects the “biggest winners in the housing market” in the next two decades to come from elsewhere.
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A San Francisco Bay-area couple was willing to pay a hefty price to get a better view from their home, even if it meant sacrificing the home next door.
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More than 400 foreclosure laws were enacted nationwide last year, but some argue that the laws are delaying a housing recovery.
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Mortgage applications for refinancings and home purchases dropped 7.1 percent last week, the Mortgage Bankers Association reports.
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Pending home sales bounced back in May, matching the highest level in the past two years, and are well above year-ago levels.
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