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What's Your Take on this Activity, Are We Selling or Losing Them to Attrition by the Banks?

By
Real Estate Agent with Florida Supreme Realty SL514814

Whittling down the inventory of SFH in Collier County Florida

Congratulations to the best group of Sales Associates ever to inhabit the Planet.  If your effort brought about the declining numbers then pat yourself on the back and continue your path.  Is it possible the surge of the last quarter was influenced by the waning tax credit?  Can that be determined?  Time will tell.  My estimate would be that somewhere between 5 to 6% are being lost to foreclosure and will reappear when the financial institutions realize the uptick is not happening as anticipated.  What's happening in your locality?  I'd like to know! 

number of units available for sale  

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Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

We are seeing a major increase in sales and only a slight increase in inventory as buyers are dumping their short sales right before the tax credit expiration.  I expect inventory to rise if the tax credit expires.  We still have plenty of all cash and second home buyers in our market but we could lose some of our first time buyer pool.

Apr 27, 2010 11:04 AM