In a new report, Paul Diggle from Capital Economics writes that “ultra-low mortgage interest rates and steady, if not spectacular, job creation mean that the delinquency rate and foreclosure start rate are falling quickly.”
He says this is causing the composition of inventory to shift, and points out that more homes are coming into the market as pre-foreclosure (short) sales.
Deals on foreclosures begin to dissipate
Most Popular Articles
Latest Articles
Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.