Delinquencies, Foreclosures Cast Three-Year Shadow Over Market
(Washington Examiner) — It will take nearly three years for the Washington area’s pent-up delinquent and foreclosed properties to clear, according to a recent report, casting a pall over the region’s housing market. The area’s 34.2 months of inventory is in line with the national average, said the report from Standard & Poor’s. The New York-Northern New Jersey-Long Island market had the highest inventory level, at 103.1 months.
