Reading on HousingWire this morning an article about the lower percentages of early stage delinquencies. Lowest since 2008. Great! Still a lot in the inventory already being taken back by the bank. Or so late in the process that the homeowners just are waiting to lose the possession of their home.
But, the amount of home mortgages that are current, is at 88.6%. Phew, that's a really good thing.
I think we are getting a handle on it. I believe we are still going to see a very lengthy recovery period. But, I think these are good signs that we are finally working in a right direction. That everyone, sellers, banks, Realtors and buyers, are understanding the process and helping, as best they can, to work through this market.
We all just have to...don't we now?!?!?