An annual report from Harvard University’s Joint Center for Housing Studies offers optimistic data on residential market recovery — such as growth in home resales, a drop in supply, and favorable interest rates. On the other hand, more than 2 million homes were in some stage of foreclosure in early 2012; and the number of delinquent borrowers remains far above historical norms. Also, more than 11 million homeowners are underwater; and prospective buyers are having problems getting financed because banks are more cautious about lending. | Read More