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REO inventory on the rise

By Dan Miller

Real Estate Agent with RE/MAX Preferred, Madison, Wisconsin

November 05, 2010 03:24 PM

Calculated Risk reports today the Q3 REO inventory for Fannie Mae, Freddie Mac and FHA increased by 92% from Q3 of 2009 and 24% from Q2 of 2010. This graph from Calculated Risk says it all.

With more foreclosures entering the market, and no tax credits on the horizon, 2011 is shaping up to be another year where agressive pricing is a requirement for every successful sale.

Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com

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Steve Davis

Davis Coastal Properties - Carlsbad, CA

Carlsbad CA

And lenders still say there is no shadow inventory. They treat most people as dummies - but they are the ones who loaned money without proof of ability to repay. They expect us to believe that there is no shadow inventory. Just do a search in your tax records for homes owned by banks and compare with the number of REO's For Sale or Pending. And with this report they are increasing the homes they are taking back.

Nov 05, 2010 03:43 PM