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Is the housing recovery weaker than it appears?

Boston condos

Boston condos

In Massachusetts, you might think the housing recovery is now beyond the recovery stage and in the midst of a full-blown boom, at least in some areas.

But wait: Foreclosure petitions spiked in March in Massachusetts, while nationally officials are getting nervous about the housing-market recovery elsewhere.

The Warren Group’s Tim Warren cautions that other foreclosure data indicates the March numbers may well be an aberration. Okay.

But you have to wonder about this recovery because of all the other oddities involved, including extremely tight inventories, the continued fall in overall sales (though not prices), the number of homes still under water, the high number of foreign buyers of homes, etc., etc., etc.

File under: Just wondering

One Response to Is the housing recovery weaker than it appears?

  • Give it back to the bank. If your State is a non-recourse State, they get the home back and that’s the end of it. It does affect your cidret.References : Was this answer helpful?