So, if the government is going to 'bail out' homeowners who are in distress and facing foreclosure, does that mean most of our Bank Owned (REO) properties will soon be disappearing, along with the low prices they they bring? Last week there was 85 new Bank Owned properties listed, this week it was 72 in our area....
What's next? Will prices rise, or will we see another onslaught of Foreclosures?
Stand by...
Update: One week later, I just checked and there are only 34 REO properties that have been listed in the past 5 days.... Hmmm.
Have we hit rock bottom in the real estate market?!
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Have we hit rock bottom in our real estate market? If you could see what I
see right now, you might think so. Right now there is a severe shortage of
hom...
15 years ago
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