Thursday, March 25, 2010

Foreclosure Inventory Is Increasing

  • Foreclosure inventory held by banks is up, but less than it was in November of 2008.This means that more foreclosures will be for sale in the near future.

    tags: foreclosures

    • The inventory of foreclosed homes that banks are sitting on is rising, threatening to push home prices down further in some parts of the country.

      Analysts at Barclays Capital estimated that banks and mortgage investors held about 645,800 foreclosed homes in January, up 4.6 percent from December. That is down significantly from the peak of 845,000 in November 2008.

Posted from Diigo. The rest of my favorite links are here.

No comments: