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Loan Modification

: Mortgage Lender Implode-o-Meter

U.S. Home Prices Face Three-Year Drop as Inventory Surge Looms

By Implode-Explode Heavy Industries

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"Shadow inventory -- the supply of homes in default or foreclosure that may be offered for sale -- is preventing prices from bottoming after a 28 percent plunge from 2006, according to analysts from Moody?s Analytics Inc., Fannie Mae, Morgan Stanley and Barclays Plc. Those properties are in addition to houses that are vacant or that may soon be put on the market by owners."

Full post as published by Mortgage Lender Implode-o-Meter on September 15, 2010 (boomark / email).

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