Last month we heard rumblings about the REO engine revving back to life, and I was worried this month’s numbers might show a large spike upward. Spike upward – yes. Large spike – not so much.
Looks like we’re still hovering around the 5,000 mark; I don’t expect to see many changes this year..
Note: I’m pulling all new distressed listings from the MLS, regardless of their current status (active, sold, etc.) I’m looking at Single Family Detached homes in Maricopa County, with some sort of bank involvement - Short Sales, Pre Foreclosures, Auctions, and Lender-Owned properties. Numbers are believed to be accurate but not guaranteed.
Your waiting patiently for change Realtor,