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 Costs – Wall Street Journal
Home prices rose last year by most in 6.5 years – News-Gazette