On top of that, a recent report from the Mortgage Bankers Association indicated that lenders are delaying foreclosure altogether. They reported that while 6.41 percent of all loans were delinquent, just 2.75 percent were in foreclosure.
It seems to be a tough market for buyers this fall/winter as well.
[quote=sdrealtor]I cant speak for the RE guys around here but the uptick in activity the last few days has been VERY, VERY noticable. Interest rates are under 6% for conventional loans and the payment on a 500K loan dropped more than $400/month. In areas with qualified buyers and relatively low inventory levels the market appears to have strengthened quite a bit around here.[/quote]
