Foreclosure Activity Picking Up – Just In Time For Market Collapse

Jon Economy, Market Commentary, Real Estate

‘[Foreclosure activity] is reason to wake up and realize the housing recovery we’ve seen over the past two years is not as strong as it might have seemed.’ Daren Blomquist, RealtyTrac
Beginning in the Fourth quarter of fiscal 2013, we have experienced a leveling in demand that continued through the second quarter of fiscal 2014 and has more recently become a weakening in demand. – Major homebuilder CEO
The housing market is collapsing. The big investors have stepped away and, now, flippers done: All-Cash Sales Fall to Six-Year Low. The demand-side of the market is in collapse.

This post was published at Investment Research Dynamics on September 11, 2014.