Number of Foreclosed Homes on the Rise, According to WSJ.com

20 Mar

The Wall Strett Journal reported on March 19, 2010 that mortgage analysts at Barclays Capital in New York estimated that the number of foreclosed homes that banks or mortgage investors are holding, and need to sell, is on the rise again.  This has the obvious potential to drive down home prices in certain parts of the country.  The article also contains insights from industry analysts suggesting an increase in interest rates and jobs may be coming in the second half of 2010.

This issue seemed particularly relevant in light of our recent post about the moratorium on foreclosures contemplated by the Minnesota Senate this session.

Entry by Matt Drewes.

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