Thursday, May 13, 2010

As the 'recovery' continues, there has been some additional good news on housing values. They continue to show increases in many areas around the country. Admittedly, we're not close to getting back to values of the mid-2000's, but the fact that there are increase at all, and that they are continuing is an encouraging fact.
True, questions still exist. Among them are the fact that some areas have yet to show this continued upward move. Also, there continues to be the issue of the large, some sources say 2.7 million homes, 'shadow inventory' of already foreclosed homes the nation's lenders have in portfolio. What the banks plan to do with this, and when will certainly play a large part in the course of the continued recovery.


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