Of the roughly 100 million single-family dwellings in the U.S., the majority are clustered in suburbs near urban centers on both coasts of the continent. I have spent a lot of time reviewing the housing situation in the U.S. In particular, I have examined the nonperforming residential mortgages being carried by banks and the headwinds they create for recovery in both the housing market and the general economy.
In this column, I will take a look at another issue often overlooked: the distribution of home equity and its implications for a sustained housing recovery....507 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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