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In 2012, banks may seize more than 1 million U.S. homes this year after legal scrutiny of their foreclosure practices slowed actions against delinquent property owners in 2011.
The housing outlook is brighter, but the Obama administration is still looking for answers for millions of homeowners struggling with underwater mortgages.
Economist Tom Lawler accurately predicted the housing bubble and bust of 2007 and 2008, and he's now looking ahead to big changes in 2023
With much less financial risk-taking and an increase in equity wealth, today's buyers and homeowners are much more prepared to handle a housing downturn than they were in 2008
The Wall Street Journal calls it the largest wave of lenders loosening standards for prime mortgages since the housing bust.
Builders began work on more U.S. homes than forecast in September on rising demand for apartments and condominiums as more Americans become renters.
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