Nearly 100,000 homes

Nearly 100,000 homes in the United States still get notices of default each month; and now, 90-something thousand a month are going back to banks as REOs, per HousingWire’s analysis of the latest data dump from RealtyTrac. This housing supply-a-matic machine will bedevil a dozen or so markets for the next 12 months more than it will the rest of U.S. localities, but continues as headline risk, which dings risk-reward psychology among investors in real estate and tars everybody with the same brush.