Vacant homes pose a major challenge to the housing and economic recovery, says Elizabeth Duke, Federal Reserve board governor.
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The housing market recovery goes beyond increasing home sales and rising home prices. Builder stock is soaring and home owners are investing in improvement projects again.
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Freddie Mac’s fraud unit is teaming up with real estate professionals who list HomeSteps homes to sniff out bogus rental ads of REO properties, which has become a growing problem.
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Despite high affordability in housing, first-time home buyers are not the ones currently fueling the market.
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“If Americans carry on with that mindset, it will continue to cause problems as the economy undergoes a slow recovery,” says a senior analyst at JZ Analytics about alarming results from a recent poll on strategic default.
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There’s still time to reduce your 2012 tax bill. Find out what deductions should consider taking advantage of this year.
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