Housing Starts Are Up, but Don't Cheer Just Yet

Despite encouraging numbers, housing isn't out of the woods yet.

By SHARE

But he adds that there is also potential gain for banks in hanging on to foreclosed homes a bit longer: "The longer they hang on to properties, the higher the hope that sooner or later prices may stabilize and even increase a little bit, and that will give them the opportunity not to lose as much money as they could do if they would move swiftly right now."

  • 6 Ways to Fix the Housing Market
  • Many Ideas for Job Creation, Little Action
  • Markets Spike on Bernanke Talk of 'QE3'