Posted To: Voice of Housing Economists calculate that the decline in home prices has cost American homeowners approximately $7 trillion in home equity. Compounding this problem is the fact that the inventory of homes available for sale remains high and there is potential for a significant volume of “shadow inventory” to hit the market. Intervention is necessary to support the fragile recovery in the housing market and to prevent further declines in home values.
View article:
What Should the Government do to Address the Inventory of Foreclosed Properties?
About Gary Lacey
