There's still a huge amount of troubled homes that are not yet in the market. Trouble ahead?
Source:
http://www.latimes.com/business/real...0,362339.story
Quote:
The nation's housing market increasingly appears headed for a double dip, and a large supply of distressed homes could hold back a long-term recovery. Home prices in January remained barely above lows hit during the worst of the recession, according to a closely watched index of 20 major American cities.
The Standard & Poor's/Case-Shiller index, released Tuesday, dropped 3.1% from January 2010. Recently reported national statistics for new-home sales, previously owned home sales and housing starts for February also were worse than economists had expected.
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