How Long Will It Be Until The Banks Open The Flood Gates. Banks are holding back bank owned properties to keep property values from plummeting. By hold 70% of the bank owned foreclosure off the market, the banks are slowing the depreciation of American home prices. The inherent problem is that the pipe line is filling faster than the bank owned properties are selling. By controlling the Real Estate market bottom, they are limiting the lose that they getting from the foreclosure crisis. I do see the dike springing a leak and the release of many bank owned properties are going to make a buying Fiorenze from the great deal we are going to see. I don't see prices of the foreclosures getting that much better, but the amount that is going to be sold will affect the median home price to drop. The fly in the ointment, the banks protecting the price market by not granting as many loans. So, does the government keep giving them money, while they are manipulating the housing market.

Only time will tell.

For a list of Foreclosures in the Kissimmee and Saint cloud, Florida areas, Contact the Resident Team by clicking the link below.

The Resident Team

 

 

 
This post has been included in Florida Information Osceola County, FL Information Kissimmee, FL Information
Post is included in group: Posts to Localism
Post is included in group: Out Of The Box!
Post is included in group: Keller Williams 'Rainers
Post is included in group: Almost Anything Goes
Post is included in group: All Things Florida

2 Comments on How Long Will It Be Until The Banks Open The Flood Gates.

FEB
27
203,836 Points 1 Featured Post Outside Blog

It is promising to be an interesting year, our lender mediated properties are sitting and the lenders are turning down offers only to lower the prices in a year to that of the long gone offer.

6:58pm • #1
133,819 Points 1 Featured Post

Kathleen- I have seen the reluctance to accept offers, then lower the price two weeks later. They are trying to find the magic price that brings multiple offers and get the bid going so they leave nothing on the table.

7:11pm • #2

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

Mark Horan P.A. "The Resident Chef"

Kissimmee, FL

More about me…

Resident Team Realty, LLC

Address: 1813 West Virginia Dr., Kissimmee, Fl, 34744

Office Phone: (407) 301-0312

Cell Phone: (407) 301-0312

Email Me

Real Estate information for Osceola, Kissimmee, Saint Cloud, and Orlando Florida. For Realtors and Consumers. Visit www.residentteam.com <!-- Start of StatCounter Code -->
myspace hits counter
<!-- End of StatCounter Code -->


Links

Archives

RSS 2.0 Feed for this blog