Quote:
Originally Posted by itjclarke
Hey, seems like the Phoenix area is starting to turn around pretty nicely.. Vegas next? if not already?
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Not even close......there's still TONS of defaulted and currently defaulting loans that are back logged where people are still living their homes and not paying their mortgage. The media and local real estate professionals are trying to "hype" the real estate market and get people thinking inventory of REOs and short sales are dwindling....yeah right!
The devil is truly in the details, and housing markets across the US in areas where the bubble burst the biggest are soon to be flooded again with all of these homes that are still in default.