Will REO Sales Finally Reach the Peak Soon?

Based on a report from HousingWire, which pulls its information from numerous analysts and recent reports, foreclosures may not peak until 2013.

In fact, according to analysts from Bank of America,  foreclosure sales are expected to reach 1.48 million properties in 2013.  However, due to the fact that liquidation volumes are much smaller than the glut seen in 2008, analysts do not expect to see the same level of downward pressure on home prices that we experienced then.

Source: “REO Sales May Not Peak Until 2013,” HousingWire (Oct. 17, 2011)



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This Cumming GA Real Estate blog is hosted by Gayle Barton of ERA – The Real Estate Connection.




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