| The real estate market continues to show little signs of life. Despite record-low mortgage rates and a collapse in home prices, builders see little demand for new homes due to the record-high overhang of existing homes on the market, including the record-high level of foreclosed properties (4.29% of all active loans) which have continued to gain most attention from buyers due to much lower prices.
Even more disturbing is that the fact new foreclosures are outpacing foreclosure sales by a factor of 3 to 1. This means that the existing home inventory due to foreclosures is growing by 3 times the rate of foreclosure sales...............................................Full Article: Source
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