Commentary: What's in Store for Housing in 2014, Part 1

[Ed Wood]

Commentary: What's in Store for Housing in 2014, Part 1

[Account Closed]

According to the article, "the default rates on loans from 2011-2013 are virtually non-existent. This has essentially shut off the pipeline of distressed assets.... States with non-judicial foreclosure processes have had remarkable success in clearing out the inventory of distressed properties, which is one of the factors driving the housing rebound in states like California and Arizona."

If you believe in what the oracle of real estate in SoCal, Mr. Bruce Norris, has to say, we should see additional gain in 2014 for the Golden State.

@Mehran K.