Have foreclosures gotten a bad rep?For years, economists and policy makers have believed that foreclosures are inherently toxic for neighboring home values.  Many therefore assume that a housing recovery will be impossible as long as foreclosures remain abundant.  The mere existence of 4 to 6 million properties in the foreclosure pipeline has contributed to a growing consensus among economists that national median prices won’t turn the corner until 2013 at best.A new analysis of recovery … [Read more...]

Have foreclosures gotten a bad rep?For years, economists and policy makers have believed that foreclosures are inherently toxic for neighboring home values.  Many therefore assume that a housing recovery will be impossible as long as foreclosures remain abundant.  The mere existence of 4 to 6 million properties in the foreclosure pipeline has contributed to a growing consensus among economists that national median prices won’t turn the corner until 2013 at best.A new analysis of recovery … [Read more...]