The banks are just waiting for the market to start picking up again, then they will sell those REO’s at a healthy profit. Should be happening very soon, since we’re at or near bottom (I heard it from Treasury Secretary Paulson)
The banks are just waiting for the market to start picking up again, then they will sell those REO’s at a healthy profit. Should be happening very soon, since we’re at or near bottom (I heard it from Treasury Secretary Paulson)
Since this thread got mentioned by Rich today in his article, I thought I’d update the number as reported through the MLS, effective at Noon 07/10.
We are currently at 2,307 sales, which is quite a bump up from the 2,230 on 07/05. The final tally tends to occur around the middle of the month, so my initial forecast at 2,330 may yet prove reasonable.
Since this thread got mentioned by Rich today in his article, I thought I’d update the number as reported through the MLS, effective at Noon 07/10.
We are currently at 2,307 sales, which is quite a bump up from the 2,230 on 07/05. The final tally tends to occur around the middle of the month, so my initial forecast at 2,330 may yet prove reasonable.
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