Friday, May 18, 2012

REO prices rising, but is this good for you?

In recent years, many housing experts have pointed the finger at foreclosures for driving down prices and the housing market overall.
But in an unusual twist, foreclosure prices are now rising in some markets while the price of non-distressed real estate falls.

Increasing sales of real estate owned by banks–commonly known as REOs–to investors recently have caused [...]

Source: http://feedproxy.google.com/~r/hsh/~3/b8Zb_bwS8ZU/

wells fargo bank of america citi clearing house

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