Page 2 - Shadow Inventory News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hit. >> the rent is too damn high. >> it is. andrea mitchell, you have a question. go ahead. >> i'm wondering why with so many things going in favor of it, and obviously the low interest rates, why do you think new home sales have dipped? and what are your expectations going forward? is there anything you can do to try to spur more new home sales? >> well, existing home sales, which are really the critical -- far and away the largest piece of the market have been the best they've been in five years over this winter stretch. new home sales were down a little bit last month. but the problem is u...

Which has been the argument for some time. >> people have been in their houses two or three years without paying anything. it could take three years to get somebody booted out. had not, i don't know anyone who stops paying their mortgage and all of the sudden calls the bank and says listen, i'm going to start paying again. it's tough. we've got almost 10 million homes in shadow inventory, the banks don't want the house, if they could work out -- work out a deal, they would, but the thing is all the programs that were put into place actually did more harm than good. bill: some are suggesting th...

economic message. >> he said he was the candidate of change, but you still have 25 million people out of work. you still have almost 10% unemployment here in florida. you still have home values down and continuing to go down. you still have record number of foreclosures in florida. you still have median incomes suffering, middle income families suffering. >> florida is an epicenter of the housing crisis that put us into the great recession of 2008 and 2009. cnn senior political analyst david gergen joins us from jacksonville. david, mitt romney is not only focused on president obama,...

you still have almost 10% unemployment here in florida. you still have home values down and continuing to go down. you still have record number of foreclosures in florida. you still have median incomes suffering, middle income families suffering. >> florida is an epicenter of the housing crisis that put us into the great recession of 2008 and 2009. cnn senior political analyst david gergen joins us from jacksonville. david, mitt romney is not only focused on president obama, he's got newt gingrich to deal with as well. florida was one of the states that was hardest hit by the housing...

And no nationwide crash come nothing housing and they are relying on faulty data and not taking in the home equity lines of credit. and the shadow inventory is underitated by the 50 percent . there are still certain markets that are rebounding and some are dead wood right now . you will not go near it. >> and emac brings up a great point. banks don't want to talk about it because it makes them look worse than they are. there is a huge shadow inventory to clear out. >> they need more money and it is flowing in the economy in order for the people to afford the home that is are out there and a gr...