Shadow Inventory Part 3; January numbers
By Bob on Feb 16, 2010 in Investing in Real Estate, Short Sales And Foreclosures
The January foreclosure nu
mbers reflect a drop from the spike we saw in December. Overall the trend is still down from the peak seen in July of 2009. So far we see stabilizing prices and less foreclosure activity. Foreclosure activity also includes Preforeclosure and defaults. So where’s the “Shadow?” So far it appears to be more hype than reality.
The trend seems to be a surplus of short-sales. Foreclosures are a hot button items and if they are prices under $100,000 they go very fast.
Moveupminnesota | Feb 17, 2010 | Reply
The big banks are starting to hype how they are improving the short sale process. I read one pundit say 2010 would be the ‘Year of the Short Sale.”
Bob | Feb 17, 2010 | Reply