Anthony Randazzo thinks so, here:
RealtyTrac data suggests a 1.6 million home foreclosure backlog at present. Add this to the roughly 2 million foreclosures currently in progress, according to Barclay's Capital research, the 1.5 million to 4 million homes that are at least three months behind on their payments, and the 10 million mortgages that remain underwater and candidates for defaulting down the road, and you get headwinds of several different storms coming together to create a potential foreclosure hurricane headed right for the shores of today's supposedly bottoming out housing market.
Obama has done nothing important to address this problem, or the unemployment problem, during his entire tenure.
And Romney actually INTENDS to do nothing about housing if he is elected.
So expect more of the same, with downward pressure on housing prices.
