The US has 1.8 million units of 'shadow inventory' – distressed properties likely to hit the housing market. New Jersey tops the list, with Illinois, Florida, and California also among the most at-risk. The data, part of a new report, show both improvement and remaining problems.
Underwater mortgages rose to 23 percent at the end of 2010. In Nevade, underwater mortgages account for roughly two-thirds of home loans.
Mortgage lending fraud peaked in 2006, fell to a low in early 2009, and now has rebounded by more than 20 percent, CoreLogic says.
Home prices edged higher at the height of the summer home-buying season, but analysts see a dropoff in the fall.
Foreclosures may come down as the jobs market improves, but the share of home loans in serious trouble remains elevated.
It's still a good time to buy. The end of tax credits and foreclosures will help keep home prices down.