State of the Housing Market
Just heard a report on the radio that there are still an estimated 8 million homes that will be foreclosed in the next couple of years. Banks are holding on to some because if all went to market at the same time, the housing market would tank again and the banks would get even less than what they will get by spreading the timing in bringing them to market.
I hasten to add that I don't know the source(s), basis or accuracy of this report. It's one broadcasted report I just heard this evening. Just passing this along as something interested sellers might want to look into further.
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