07.02.2013 - The US housing market is actually two very different housing markets
Everyone knows that the U.S. housing market is on its way up. But housing is a local story; the U.S. market is made up of many smaller markets with their own idiosyncrasies. There is, however, one quality that clearly distinguishes two types of U.S. housing markets: the foreclosure process. Specifically, the type of foreclosure process (judicial or non-judicial) has determined how quickly a market has been able to clear out inventory...............................................Full Article: Source
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