Investors remain the dominant buyers of damaged REO properties.

•   Non-distressed home prices remain well above the national average in California, the Northeast and Pacific Northwest. •   Investors remain the dominant buyers of damaged REO properties. •   Traffic continued to slow in the fall.

Average Property Price Per Region

“There’s a shortage of good inventory. Homes that are priced correctly and in good condition with good floor plans are selling quickly and often with multiple offers.” – Agent in California

Who is Buying Properties

“Investors are having a harder time acquiring short sale homes as the values are increasing.” – Agent in Michigan

Homebuyer Traffic

“Our market is experiencing the typical slowdown that’s usually seen in the fall. There’s still limited inventory, so the market is still strong

This entry was posted on Wednesday, December 4th, 2013 at 3:44 pm and is filed under Mortgage, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.