I spoke to an appraiser in our area recently who says it's too soon to tell, but he's seeing some good signs. He watches the Notices of Default constantly and the foreclosures as they come on the market. He mentioned that it seems to him that the homes being foreclosed now on average are not quite as nice as they were awhile back. He thinks that more sellers are holding onto the nice homes but still letting go of the problematic homes. I handle a huge % of the foreclosures in our arera, and I believe that there is some substance to that remark. It's a good theory. What do other agents see in the rest of the Nation? I'd love to hear your opinion and comments.
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