foreclosures: How does the Housing Market look as of June 26, 2009?
- 06/26/09 02:54 PM
There are realtors® in Northern Virginia and South of Northern Virginia, that are noticing there are fewer foreclosures coming on the market. Reason, the banks and lenders are encouraging higher prices by putting out a few foreclosures or short sales at a time. This means that they are sitting on them. They are also renting out foreclosures, again waiting until home prices increase. This means that the great prices that investors were buying homes, is no longer in the 2 digit thousands, such as 77,000 or 89,000 or 99,000. The home prices have increased because the inventory is being held back. Therefore, homes prices … (0 comments)
There are realtors® in Northern Virginia and South of Northern Virginia, that are noticing there are fewer foreclosures coming on the market. Reason, the banks and lenders are encouraging higher prices by putting out a few foreclosures or short sales at a time. This means that they are sitting on them. They are also renting out foreclosures, again waiting until home prices increase. This means that the great prices that investors were buying homes, is no longer in the 2 digit thousands, such as 77,000 or 89,000 or 99,000. The home prices have increased because the inventory is being held back. Therefore, homes prices … (0 comments)
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