As foreclosures ease, the logical assumption is that home prices will rebound. But this unique...


As foreclosures ease, the logical assumption is that home prices will rebound. But this unique housing market could turn that assumption on its head: "Investors and first timers want REO and short sales. Anything done to prevent the flow of distressed property will hurt the volume of existing home sales... An REO-to-rent program will bring about record lows in [volume], and volume precedes price."

Comments (2)
  • PalmDesertRat
    , contributor
    Comments (3766) | Send Message
     
    It's wrong to generalize. Location is everything.

     

    We're in escrow for a new house in Palm Desert. There are very few short sales/foreclosures and the number of listings has fallen by 1/3 since we started looking in November. Prices have started rising as well.
    17 Feb 2012, 05:44 PM Reply Like
  • nightfly
    , contributor
    Comments (1015) | Send Message
     
    Just wait for the held back foreclosures to start hitting the market since the whole robo signing thing has been "resolved".
    17 Feb 2012, 09:11 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs