Home » Real Estate Forums » Real Estate Investing » Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

Low Inventories and Foreclosures Still High

Posted on: Sat, 06/15/2013 - 00:58
Low Inventories and Foreclosures Still High

Low Inventories and Foreclosures Still High

Though foreclosures have fallen by a quarter over the last year, they’re still at double the rate before the crisis that began in 2007.

Interest Rates Rise - Mortgage Apps Fall

Interest rates took a significant jump last week, and this was partially the reason for mortgage applications to drop by 9 percent.

Some Sellers Calling the Shots Again

A recent survey of 365 home buyers found that 33% of them have been searching for more than a year due to low inventories. Sellers in some areas are taking advantage and listing at higher prices.

__________________


Posted on: Sun, 06/23/2013 - 13:58 #1
DG Mod,

Thanks for sharing this information. The more we understand about market cycles and inventory levels of the market, the better we can be at finding deals, making offers and creating profit. Believe and Achieve! - Joe

__________________

YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA

TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA