Commodity Trade Mantra

Posts Tagged ‘RealtyTrac’

The Coming Curse of the “Zombie Foreclosures”

“Zombie Foreclosures” are homes where banks began foreclosure proceedings after homeowners were notified umpteen times that they were being foreclosed on. Hundreds of thousands of those homeowners walked away from their homes, leaving them for the banks to reclaim.

The "Institutional Investor" Housing Bubble Just Burst

With retail buyers long out, cash & institutional investors on their way out, QE fading & with it the MBS bid, not to mention the surge in foreclosure exits & the flood of foreclosed properties about to hit the market, things for the US housing market are about to get very messy.

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