[quote=jpinpb]As CAR said, a huge amount of consumer spending in the economy HAS been going on for 2 years.
It’s called living mortgage-free and the bank not foreclosing.[/quote]
I logged into my old Redfin account yesterday for the first time in ages … One of the short sales I favorited back in the summer of 2009 was still on the market and still listed as contingent. (Bet you can’t guess which notorious brokerage is listing that one.) Another short sale I’d favorited that spring had *finally* gone into foreclosure and was listed as an REO, after almost three years as a short sale listing.
