A foreclosure backlog could slow the Vero Beach housing recovery. All states are not backed up with foreclosures in waiting, some are, some aren't. This backlog, coupled with the continued problem of homeowners being underwater on their mortgage, could mean the housing uptick we've seen over the past year could be confronted with a slowdown.
The Vero Beach housing recovery continues to also be hampered by record low inventory of homes on the market for sale. Many sellers are either holding out for higher prices later, or, as mentioned before, are dealing with mortgages that are still underwater because values fell so far during the previous real estate bust.
We have more news and articles as they relate to the Vero Beach housing situation at our Vero Beach Real Estate News category to your right under the Vero Beach Real Estate Categories.