Below is an article from today’s Headlines – One that actually depicts REALITY! (It will certainly be in the Window Front Today)
Short Sales on the other hand are increasing…. As judges in the Tri-County area slow down foreclosures, Banks are turning to Short Sales as a means of disposing “foreclosing” inventory. Quite Frankly with Bank of America (being my favorite… haha/right) a short sale is most likely easier to purchase than a Bank of America REO – This WILL BE another Blog to look for, you won’t believe what they are up to here.
So – Homebuyers, - still want to know when the bottom will hit? Start recognizing the decline in inventory as one factor in the equation (Inventories are no longer at on all time high) which indicates the peak is past.
2011 Treasure Coast Foreclosure Sales
area / # sales / % change / % of all sales / price /% change