June 15, 2012
...Gary Painter, director of research at USC Lusk Center for Real Estate, warned against making too much out of a one-month spike in an abnormal market. "My sense is we're probably nearing the end of the foreclosure crisis, but it's still going to take time for banks to dispose of the inventory they have,'' he said. "With signs of market recovery starting to appear, the banks may now feel like it's a good time to release some inventory..." For the full article, see the link below: