It’s been a long five years since the housing market tanked, taking a large part of the U.S. and world economy with it. So five years later, where are we? Fox Business News tried to answer that question. The business channel’s conclusion:
The housing market has only been on the mend over the last year, and according to experts, it still has some healing to do. “There are still many homeowners who are underwater, there are still many foreclosures in the pipelines, and there are still too many folks whose access to credit is still impaired,” says Keith Gumbinger, vice president with HSH Associates.