Friday, April 23, 2010
REO's going strong.
The market is strong, buyers are out there, and things are looking up. Yes, the majority of the sales are the REO's, and short sales. Not a good sign of the times of course, but the good news is that people are out there just buying them up at a rapid pace. The majority of our properties that are priced correctly are getting multiple offers which will help improve the sale prices and slowly drive prices back up in right direction. I do not see prices declining like they were just six months ago. Our market seems to be stabalizing.