Are We Out of the Woods Yet?

ForeclosureWhile foreclosure inventory is down nearly 35% year over year in July,  new foreclosure starts are rising. What does this mean? It means that overall we have less foreclosures on the market currently, but the increase in foreclosure starts indicates a slowly growing pipeline of non performing assets. Does this mean the market is poised for another crash? Dubious. On the contrary, I believe that despite recent value surges in the southern ca marketplace, we still have upward mobility and are not on the verge of a other meldown..Are you interested in purchasing an REO? If so, call an NRBA (national reo brokers association) agent today.

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Post by Jonathan Zuckerman

Jonathan has written 240 articles.

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