Why a drop in foreclosure completions is good for homebuilders (Part 1)
Foreclosures are probably one of the most potent political issues with respect to the housing market right now
Foreclosures have been blamed for driving down the real estate market and holding down prices. They also cause a great amount of social pain and political focus. The stated purpose of all of the federal government’s activity in response to the crisis was to prevent foreclosures—although the unstated reason was to take supply off the real estate market in order to support prices.
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In this series, we’ll look at foreclosures and how they affect the homebuilders
- Part 2: Foreclosures and how they affect pricing, supply, and demand
- Part 3: Government responses to the foreclosure crisis
- Part 4: The pernicious “eminent domain” solution
- Part 5: Impact on homebuilders
Continue to Part 2