Morning Minute: Foreclosures, the courts and the housing recovery

The Business Insider article, “The US Housing Market Is Actually Two Very Different Housing Markets,” looks at the impact of the foreclosure inventory on the housing recovery. States such as Illinois that require the foreclosure process to go through the courts are taking longer to clear their foreclosure inventory. Read more.

In other news:

New Rules Help Borrowers Cover Refi CostsWall Street Journal

Home prices rose last year by most in 6.5 years - News-Gazette

 

 

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About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.