Inventory seems to be drying up and yet, there is so many NOD's being filed. When is this next wave coming??? I keep hearing May/June.
A REO agent with out any listings is like a painter without a paint brush.
-Kim
MVP Realty - Naples, FL
Southwest Florida Homes with Joe Federico
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker
MBA Broker Consultants - Carlsbad, CA
M.B.A., Broker, Instructor
Kim, don't worry, we will have foreclosures and short sales through 2010 at least... I've seen the stats of the 5-year ARM loans, most are coming due in 2010.
May 11, 2009 04:47 PM
Labrum Real Estate - Murrieta, CA
The Short Guy - Murrieta,Temecula,Menifee Californ
MacDoc Realty LLC - Fredericksburg, VA
The Gibbons Group
I suspect the banks will trickle the assets into the market. I think we'll see these assets trickle a little faster into the market over the next few months, but I don't think the banks will flood the market like they did last year.
Jun 11, 2009 11:01 PM
Collateral Specialist Inc - Lawton, OK
Former Broker Associate, CDPE, CIAS, CHMS
Rita, I think have hi the nail on the head. I know my market here had slowed down, but now my inventory has begun to build up again. I know here a lot of the investors are out looking for projects (properties that need repairs) to redo during this coming fall and winter. I have seen that the price categories/ ranges for many of the REO's have gone up. With a lot of the investors I am trying to get them to understand many people will not be able to buy (forclosures, and bankruptcies), but will have to have somewhere to live so why not lease these properties for the next 2-4 years.
Sep 16, 2009 10:44 AM
Comments(6)