By James Breitenstein
James Breitenstein is a managing director at Landsmith LP, a real estate investment sponsor, advisor and investor.
During the middle of the Great Recession when foreclosures swamped individual real estate markets from Florida to Arizona to the Inland Empire of California, it seemed it would take years to work our way out of the mess.
But in January, headlines show a quickening pace, with the housing market driving this recovery. How did this turn around so fast? A major obstaclethe inventory of foreclosuresis fast clearing away.