Analysts with the Bank of America Merrill Lynch believe the federal government’s real estate-owned (REO) rental program could encompass 20 percent of the national foreclosure total.
National affordability conditions are now at a 10-year low, and new data suggest that most Americans can't afford to live in communities offering childcare, schools, and better job opportunities.
Home prices and remodeling spending are slowing down faster than experts anticipated. A new report shows that single-family permits are down 8.4 percent annually, and remodeling spending fell 10.1 percent in March.