Dennis Kneale, currently Media and Technology Director at CNBC and previously managing editor at Forbes and an editor at the Wall Street Journal, breaks down what is happening in the market “by the numbers.”
He states that the market is going through a much needed correction, recovering from inflated home prices. He notes that 95% of mortgage holders pay on time and that only 2% of households in the US are in foreclosure.
His commentary puts a fresh spin on the the media’s propensity for doom and gloom coverage of the real estate market.
