It seems as though the main source of the problem in area markets with large REO inventories is declining property values due to the unavailabilaty health or non-REO comps. The areas of the country that have been the hardest hit…S. Calif, Arizona, Florida will recover only after the distressed inventory is greatly reduced.
It seems as though the main source of the problem in area markets with large REO inventories is declining property values due to the unavailabilaty health or non-REO comps. The areas of the country that have been the hardest hit…S. Calif, Arizona, Florida will recover only after the distressed inventory is greatly reduced.