6. Foreclosure Inventory Still High
Foreclosure inventory (and upcoming foreclosures) still present a serious problem to a national recovery. Just as an example, Fannie Mae has declining REO inventory (although the rate of decline is … declining). FHFA has a plan (under trial) that will sell REO properties in order to provide rental housing (rather than having it sit empty). I will be discussing this idea on Fox Business’ The Willis Report on Wednesday, March 7th at 5pm.
