Looming foreclosures may hammer home prices

Bulletin Categories

Commercial Real Estate	Economy
Foreclosures	General Real Estate
Housing	Industry Insider News
Local Real Estate	Mortgage & Lending
Oddball	Opinion
Real Estate Investing	Real Estate Listings
Real Estate Marketing	Real Estate News
Real Estate Technology

9 votes

Petepic_arm_on_knee_comment_thumb Posted By: Peter Giardini, about 1 month ago (Report Spam)
Category: General Real Estate / Type: News
Source: blogs.usatoday.com

After a brief bump, home prices may resume their tumble because of a “huge shadow inventory” of foreclosed properties expected to hit the market in the months ahead, Bloomberg reports. Analysts at Amherst Securities Group say that about 7 million ...

Comments

At 05:18PM on September 29, 2009 - Mark Davis said...

Opportunity may be knocking, but this market is going to get ugly before it gets any better.

At 03:33AM on September 29, 2009 - Will Barnard said...

Cup half full or half empty? The way I see it, opportunity is knocking! Commercial has already started tumbling this year and will continue to do so, it usually follows the residential market.

At 11:16PM on September 28, 2009 - Peter Giardini said...

James, It is evident we are not out of the woods by any means. complete catastrophy or major opportunity... depends on which side of the table you are sitting.

At 01:32PM on September 28, 2009 - James Ward said...

Wait til the commercial foreclosures hit! Everything and I mean everything will be effected when it hits.