The Lyons Den

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” (May 2012?) 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…

Tags: buyers market, REO

This entry was posted on January 21, 2008 at 5:20 pm and is filed under Business, Mortgage, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.