Loan workouts hit record in April
from MSNBC.com: Real estate
A mortgage industry alliance, under pressure to show progress in its efforts to aid troubled borrowers, says lenders gave a record amount of assistance to homeowners last month.
One reason would be the frantic refinance activity when rates started down 60 days ago. The other reason would be that many people did workouts with their lenders, and pulled their homes back off the market to stay put for a while.
I've said it many times here, and on Northwest Indiana Real Estate, now is the time to buy before inventories actually start to decline and .... prices go up.