Phoenix Lender Owned Update – September 7, 2011

In an ongoing effort to post consistent and timely real estate market updates, just below you’ll find an REO Market Snapshot from The Cromford Report, and my own short commentary afterward. This snapshot has been re-posted with permission by The Cromford Report.

And, just to make sure we’re all on the same page, when I say REO, I mean real estate owned properties, AKA foreclosures, lender owned homes, bank owned houses, et al.

When I posted my real estate update in August, I added more of my own commentary. For this REO property update, I’ll let the numbers speak for themselves, and invite you to post your own comments below! How do you think the lender owned market is affecting the greater residential resale market right now?

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About Joshua Hill

Joshua is a REALTOR® with Coldwell Banker Residential Brokerage, member of The Hill Group, co-author of The Phoenix Real Estate Blog, and a Yelp-enthusiast. His wife calls him a geek, but that's a compliment in his book!
Posted in Arizona Real Estate News, For Buyers, For Sellers and tagged , . Permalink.