Yulia Demyank, Senior Research Economist with the Federal Reserve Bank of Cleveland recently published a commentary piece entitle, “Ten Myths about Subprime Mortgages.” It’s worth a read.
Checking through the MLS this morning, it appears there are still plenty of foreclosures, bank owned properties and distress sales for sale.  (Note: some agents are now marketing their properties as “not a foreclosure” and those may be getting picked up in my customized search criteria. At this point it appears that about 10% are being picked up this way).
Prices range from $50,000 to about $700,000. Â There are condos, townhomes and single family homes in this list.
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