Mortgage Delinquencies Decline


The Wall Street Journal is reporting that the number of homeowners that are delinquent on their mortgages has declined. This is a sign of an improving economy. However, the number of foreclosures will likely increase due to the fact that the large number of homes presently listed as foreclosures on the market will make it difficult for those struggling to pay their mortgage to sell their property as price pressures will continue to move downward. The sooner the foreclosed inventory can be sold, the quicker pricing will stabilize.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s