I've heard from a few sources that the banks are holding many of their foreclosures in inventory until the market begins to creep back up. In addition, many banks are not even foreclosing on a lot of properties that are as many as 12 to 18 months delinquent.
This was presented to us at an investment meeting on Friday.
If that is the case, there will still be some buying opportunities for a while. The inventory right now however is scarce. Because it is the best buying opportunity in decades, everything that comes on the market is being snatched up quickly. Doesn't mean you shouldn't try.
By the way if your buying or selling in Phoenix, Austin or Philadelphia, I have a great agent for you. And of course the one in San Diego isn't too bad either!!
This was presented to us at an investment meeting on Friday.
If that is the case, there will still be some buying opportunities for a while. The inventory right now however is scarce. Because it is the best buying opportunity in decades, everything that comes on the market is being snatched up quickly. Doesn't mean you shouldn't try.
By the way if your buying or selling in Phoenix, Austin or Philadelphia, I have a great agent for you. And of course the one in San Diego isn't too bad either!!
posted by Alan Schmitt | 12:13 PM
1 Comments:
Very interesting information. Who are those agents - can I get a link to them from your blog?
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