Sales of U.S. Existing Homes Probably Fell as Moratoriums Held Back Market - Bloomberg

Sales of U.S. Existing Homes Probably Fell as Moratoriums Held Back Market - Bloomberg:

...Probably translates into pressure for the foreclosure mills to crank up the machinery.

"The housing market is one area weighing on U.S. growth. Foreclosure moratoriums across the country along with government investigations into faulty paperwork threaten to delay a recovery as houses slated for repossession take longer to come to market. Distressed properties accounted for 35 percent of sales in September, according to NAR data, before most moratoriums went into effect."