I would like to start a new REO Broker/Agent blog where pros and wannabes can share our ideas? In April this year, the San Francisco Chronicle mentioned that banks are holding on to inventory, what they called "shadow inventory". The paper mentioned that come May, we'd see a deluge of homes in the market. It's July now and I have not seen anything of this nature.
In fact, there are more buyers in my market than there are properties. Any property release is being met with an avalanche of offers. In some places, we have started seeing values going up. There's just very inventory in the market. Agents are lamenting: they have buyers but no inventory to buy from. How is it in your marketplace?
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