http://realestate.aol.com/blog/2013/03/22/home-buying-frenzy/
There has been a significant uptick in demand for homes by consumers eager to take advantage of still-low home prices and record-low interest rates. The shadow industry (foreclosed homes) may be holding back home prices, but it could also provide a positive impact. This pent-up demand from potential borrowers is due largely to the financial problems that millions nationwide ran into over the course of the past several years. There used to be 1.3 million new households created annually in America, but now it's down to 600,000. People who fell behind in the past are getting ready to flood the market and significantly increase demand for what is currently a rather limited number of available properties. However, all these buyers coming back into the market might not be a positive for other buyers.
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