Housing Markets Becoming Less Saturated with REOs: Reports

By: Carrie Bay The nation’s REO stock fell 0.6 percent in May to 524,000 properties, according to analysis released by Barclays Capital. In addition, the research firm estimates that housing’s shadow inventory – which Barclays defines as the supply of homes that are 90 or more days delinquent or in the process of foreclosure, meaning […]

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Quarterly Drop in Home Prices Doesn’t Budge 5.1% Annual Gain

Home prices across the United States continue to slide in the quarterly context, but industry data released Thursday indicates that when you widen the scope, year-over-year numbers are still showing a healthy bounce-back from the depressed levels recorded in 2009. Add to that the fact that REOs are coming to market at a much slower […]

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