Thursday, July 23, 2009

Bank Owned Bidding

July 23, 2009 -- There are strange things beginning to happen as the real estate market begins to see signs of stabilization. After seeing nearly 3 years of residential inventories just a short time ago, we have slowly subsided to about 7 months of inventory in the Central Florida market.
With this, prices have continued to slide awaiting the thump of the bottom floor in the near future. No one knows when this time will be, but everyone is willing to take their chances that it won’t be long. In the homes priced under $200k there are two different groups of buyers.

Read More