Maureen's Blog

Real Estate Broker Owner - Moe Doyle Realty Inc



REO's will be the only market for most of us for the next few years.  My market here in Florida is flooded.  Our prices are sitting at 2004 levels.  The fair market value is almost gone, since how can they compete? Have we really ever seen this type of market before ?   Hang on for a long ride...
Posted about 5 years ago

Maureen Doyle

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Prices are now back at 2003, 2004 levels and still no bottom. We can only hope someone knows what they are doing? Tim G states in a few weeks the bad bank assets will be bought by private investors??? This ought to be worth reading about, everytime we think it can't get much worse "surprise"....We all will be selling only REO's for next few years...