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Foreclosure Activity Seems to be Abating

We have noted that in the last 45 days fewer of our clients are letting their investment homes go into foreclosure. This is mirroring what I am reading in the Sacramento Bee and Wall Street Journal. We may well have hit bottom or at least taking a breather.

I suspect that most of the upside down owners have already let their homes go leaving the rest of us that have owned for longer periods.

It is noteworthy that the low end is experiencing mulitple offers and price bidding wars. Things are looking up for a change! We are also seeing a steady stream of investors needing their homes rented.

www.HomePointe.com

Posted by Robert Machado, CPM MPM Sacramento Area Property Manager and Property Management on 08/03/2009 12:17 AM

Comments (2)

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Originally posted at: Property Management and Investor Information: Foreclosure Activity Seems to be Abating

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2 Comments on Foreclosure Activity Seems to be Abating

AUG

We're seeing the lower market move out here as well. Going through these multi's, it's surprising the condition some of them were kept/not kept in. Lots of investors coming back into the mix...

AUG

That is a sure sign that the turn is happening.

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