Modifications curtailed foreclosures during 2008-09 crisis, but borrowers remained at high risk of delinquency
Less diligent as shoppers, such buyers help drive up home prices
Stuart Gabriel’s research shows how a vibrant economic hub loses essential residents
Will the narrowing price gap bring an end to the state’s out-migration?
Do investors misprice assets, revise their risk appetite or make some other misjudgment?
Major cities reliably feed residents to the same smaller markets, and housing booms predictably travel with them