It’s a bit like guessing how many pennies are in a gallon jug at the state fair, but housing analysts keep trying to count how many foreclosed homes banks and mortgage investors own.
Why should we care? Unlike at the state fair, there is no prize for guessing right. Still, if we can track the number of these REO (“real estate owned”) homes, we can get some sense of how banks and others are doing in their efforts to dispose of the properties and how much longer they will be weighing on the housing market.
Posted via web from Title Insurance To submit an ad, please login, or register for free today! These free classified are for the title insurance industry only. Please do not submit ads that are not related to title insurance. I will delete it – admin Take advantage of this free service to advertise your services or look for help Posted via web from Title Insurance This article comes from Florida but it’s message applies here as well. Mortgage Interest Rates Hit Historical Lows … AgainMost home buyers are thinking, “so what!” Interest rates have been crazy low for many years now, and the sizzle has worn off. If rates hit zero, I don’t think it would create as much fever as the first time we saw them dip below 6% many years ago.
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