I just read an article from our local newspaper The Press- Enterprise. It stated that we are up in the amount of foreclosed homes from last month by 30%. But, Realtytrac and real estate data source stated that they were surprised that the numbers were not a lot higher. Some of the credit goes to the programs that are out there to help struggling homeowners. We are still expecting to see a large reset of these ARM loans, but reo homes are selling. Most reo agents have seen a surge in the amount of homes sold under $300,000. Meaning there are more buyers coming out to buy. Just more good news.
Sincerely Kevin Williamson www.williamsonteam.net