Well it is officially a “buyers market” for REO/Bank owned foreclosures. We are seeing 10-20+ qualified buyers a weekend that are looking for “a deal.”
By no means is it a buyers market across the board but at least it is a start. Once we hit an “official bottom” that will occur. It is always said that when there is “blood in the streets” make sure you have cash and when the market is going up like gangbusters make sure you have inventory…
Check out this article in the RENO GAZETTE-JOURNAL about recovery in RENO…might be time to buy…
Tags: buyers market, RENO, REO
