Price Gap Widens Between Bank Owned REOs and Non-distressed Homes

According to a recent Campbell HousingPulse Tracking Survey, the three month moving average for non-distressed housing prices has risen to its highest level in three years, while damaged REO properties were down 17.1% from a year ago.  In spite of increased investor purchase activity, the survey attributes the price decline in damaged REOs to waning interest among traditional and first-time home buyers.

Real Property Management of Sarasota and Manatee sees this as a clear "buy" signal for rental housing investors whom aren't intimidated by the realities of rehab property investing.

Real Property Management of Sarasota & Manatee is the local affiliate office of the greater company, Real Property Management. Real Property Management is the largest residential property manager in the world having 250+ offices in the U.S. and Canada, and over 60,000 units under management. Real Property Management of Sarasota & Manatee works with the owners of condominium units, single family homes, duplex/multiplex units, and apartment complexes in: Sarasota, Bradenton, Venice, Lakewood Ranch, Parrish, Ellenton, North Port, Englewood, Palmetto, FL.

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