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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: John Vosilla who wrote (908)8/18/2012 3:42:08 PM
From: tejek  Read Replies (1) of 2722
 
Banks and investors will likely continue to withhold REOs until the market value of the properties appreciates, allowing them to sell the homes at higher prices. And that may be a winning strategy.

Fannie Mae, which owned 114,000 foreclosed homes as of March 31, reported in the first quarter that there were "improved sales prices on dispositions of our REO properties, resulting from strong demand in markets with limited REO supply."

See.......I don't think the headline is true in all markets. We are hearing here that most of the foreclosed properties have been put in the market and there is not that much left. May be wrong but that's what's getting reported.
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