For the first time since the end of October 2010, foreclosure inventory fell below 11.0% of available inventory for Southside Hampton Roads. This is indeed encouraging news for the overall housing market, but it also is a strong indicator that the optimal time to buy could be slipping away.
If you are considering a purchase of an REO property, be sure your agent knows the foreclosure market and can properly assist you in locating, negotiation for, and closing on your dream home.
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