Abstract
The U.S. housing market remains depressed and faces significant challenges to recovery. Demand is being constrained by frictions in the credit process and cannot absorb the oversupply of homes that will continue to flood the market as a result of foreclosures. Bulk sales of foreclosed homes and principal modifications to loans are likely to be necessary to close the gap in supply and demand and revive the housing market.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
