[quote=CA renter][quote=Nor-LA-SD-guy]Maybe it’s because there is so little inventory on the market right now,
Sometimes I think the banks are just waiting for a few more organic listings to come on the MLS so they are gauge what the real market is.
Hint, it’s not the price these foreclosures are going for.[/quote]
How do you figure foreclosures are not the market????[/quote]
Who are you going to buy the homes from once the mass foreclosures run out (and mass numbers of foreclosures will run out at some point in SD).
Also I would argue that in places that have been really hard hit, by the time builders pay all the fee’s etc.., you would have to sell at a significant premium to what these foreclosures have been selling for just to break even , unless you start building condo’s and duplex’s etc…
