Tag Archives: Big Hurdles Pose Challenge to Housing Recovery

Home prices are inching up, record-low mortgage rates are creating more urgency with buyers, and foreclosures are falling. But despite the glowing reports, economists are still questioning whether the housing recovery will last. The challenges that persist could make this “one of the longest, most excruciating recoveries in housing history,” MSN Real Estate reports. Some of those challenges to the housing recovery: Access to credit still remains very tight, job growth remains weak, and a large number of underwater home owners are still waiting for prices to jump more so […]