Do you consider that high numbers? In my area I do.

Neal:  When you look at entire city absorption, the absorption is decent although it remains a buyer's market!

Renee.... it was good talking to you the other day. So, can I still get a foreclosure home or even better, or a home at an auction with no money down?  ;o)

It will be interesting to see how much interest the auctions generate.. and whether the potential buyers are owner occupied or investor driven..

Those numbers for foreclosure absorption don't look that horrible.  Its just not really what we want to see yet.

Jeff: (*&%*($&)%&$^ 

Kaye: IT WILL!  I am excited to watch this play out!  Thanks for stopping by.

Daniel:  I think with three auctions and all the activity out there, there is good possibility for some very nice absorption.  Although BPOs have risen tremendously as of late! 

I'm going to be following this..I'm curious to see how it all plays out.  I really like to see that you used the word "risen" often in your post.  That means things are looking up!   Nice job Renee.

This is interesting. Like others, I'm curious of the effectiveness of the auctions. I imagine with the level of interest you described it will be a successful event.

The quicker the inventory is liquidated, the quicker we can get it on the books and stabalize the market!  Sell em all I say! 

Kris:  Well we have moved up 6 pendings from yesterday but I imagine it may take up to a week for the larger REO agents to get all the details in order and status' changed.  I am looking up and I would REALLY like to see the pendings rise to a VERY CONSERVATIVE 500 in the next two weeks.  We will see if I am that cool to have my minimum expectations met :wink:

Craig:  Sounds like it was!

Rey:  NO DOUBT!!! 

Interesting, just goes to show how numbers are totally different in other area's, here that home wouldn't even be shown..lol