-A A +A

Reports: Foreclosures will affect home prices for years

Posted by: VHFA on February 16, 2010 - 10:25am

Two recent reports suggest loan modification efforts will delay, not prevent, home foreclosures — and those foreclosures will lower home prices for the next several years.

Those conclusions come from studies issued by John Burns Real Estate Consulting Inc. and Standard & Poor's Financial Services LLC.

Read more about the studies at the Wall Street Journal.