The environment for home sales becomes more difficult with each passing month. Some estimates put 11 million mortgages, about 20% of the U.S. total, underwater, meaning that homeowners owe their banks more than the underlying properties are worth. Home repossessions reached more than 100,000 for the first time in September. Rising foreclosure rates continue to further depress housing prices. Read on here.
The Eleven Reasons People Can’t Sell Their Homes
Posted on November 10, 2012 at 2:57 am Steve Hill