Irving Housing Blog has a post about bank foreclousre inventories and the real estate market bottom that I think is worth looking at.
He’s predicting we haven’t hit the bottom yet, which many of us are agreeing with.
However, he has done quite a bit of research about the Southern California markets and has a link to the Housing Chronicles Blog which talks about banks deliberately keeping foreclosures hidden from investors like you and me.
That just goes on to prove my point that banks have a lot of inventories for REO’s and foreclosures they’d probably like to get rid of- carefully…
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