Archive

Archive for July, 2009

REALTOR® Magazine-Daily News-Another Rash of Foreclosures Coming Soon

Attached is a link to a very timely article from Realtor.com

With resale home inventory levels the lowest it has been in years, the local real estate industry has been expecting a new wave of foreclosures to start coming on the market soon.  Most of the banks ended the voluntary moratorium in February.  With a 4 month foreclosure process in Colorado, we should begin to see new bank-owned listings very soon.  This may be good news for investors and 1st time home buyers, as home prices will likely stay depressed through the end of 2009.

REALTORĀ® Magazine-Daily News-Another Rash of Foreclosures Coming Soon