“but what impact (if any) do you think this will have on the correction in our market? Slightly slower decline?”
JC not a stupid question.
It is always true in RE that the top 10% of realtors do a very disproportionately high amount of the sales. In this market those that are getting all the listings for REO are doing relativly well. The market on the other hand, is not. These “investors” are not affecting the volume side of things enough to really sway the market.
Sales are dismal regardless of who the few buyers are. Also the fact that the current buyers are looking for “bargains” bodes poorly for sellers in and of it self.