“This relief has helped to boost short sales—a smoother way to sell a distressed property, helping the recovery in home prices. If this is not extended, a greater share of delinquent borrowers will likely be resolved through foreclosure instead of short sale, which would depress average home prices,” BofA analysts wrote in a research note.
Real Estate
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BofA Merrill Lynch: Fiscal cliff will affect housing recovery
December 31, 2012, 12:17pm
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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