Today’s Outlook column looks at how bank-owned foreclosures and other involuntary home sales will govern the pace of home price declines over the coming months.
Banks and other companies that sell REO, or real-estate owned, properties are typically faster to reduce prices than traditional sellers, so they tend to speed along any price correction. That’s why it’s a good idea to keep an eye on the share of distressed sales—including foreclosures and short sales, where banks approve a sale for less than the amount owed.
Read More: http://bit.ly/cFGb0t
{{adsense_NewsFeed}}
