Investors and home buyers beware.
Banks are up to the same old tricks. This time they are holding on to properties and creating a shortage of inventory to boost up prices. The problem with this strategy is that it creates a temporary bubble that will only extend the current market recovery.
Just drive around areas and you will see vacant homes that a deteriorating by neglect. The FDIC needs to step in and stop this before we find ourselves doing this for 20 years. The banks and laws created this mess, it's time for them to step up and be responsible for their lack of common sense that created this crisis.
This market recovery will not end until all foreclosure inventory has been off the banks books for at least a year.