RealtyTrac Releases Occupied REO Report

Image

This is good news regarding the housing market. It is transiting from a investor driven market to a market that is determined by the normal buyer that is a homeowner. Please read the article below.

The FHA Condos Approval Company, Inc.

Please +1 Us on Google, Follow Us on Twitter or Like Us on facebook

The housing market is transitioning away from a rebound driven primarily by speculative forces to one where the underlying fundamentals will be much more important according to RealtyTrac.

Over the past several years investor purchases have been the primary driver of the housing recovery, helping clear inventories of foreclosed and lender-owned properties and raising home prices. Home prices, which tumbled 33.7 percent from peak to trough using the S&P/Case-Shiller Home Price Index, have since rebounded 16.3 percent and are up 12.4 percent over the past year alone. The swing in prices exaggerates the extent of improvement and likely reflects the whipsaw effect of prices overshooting to the downside during the worst of the housing bust.

To read the complete article please use the link below.

Occupied REO Report

Explore posts in the same categories: Real Estate Market Trends

Tags: , , , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: