Shaun Bond, associate professor of real estate at the University of Cincinnati College of Business, was quoted in the Hamilton Journal News on Saturday, May 28 regarding foreclosures and the housing market. “Unlike other parts of the economy, the housing market isn’t getting better as fast as other parts of the economy, such as the job market,” said Bond. “More foreclosures are expected as the backlog of processing catches up.”
And, although Bond believes the housing recovery could be years away, he thinks the worst has passed. “I really believe it is waiting for these foreclosures to work their way through the system,” he said.