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Demands For Homes Increasing – Time-on-Market For REOs Lowest in 15 Months

One recent survey (conducted by HousingPulse) does indeed show a rising demand for homes. “Homebuyer demand appears to be intensifying, especially among lower-priced REO (bank-owned) properties,” according to the survey report.

“Time-on-market for move-in ready REOs was just 10.1 weeks in November, the lowest in 15 months. Time-on-market for damaged REOs was even lower at 9.0 weeks, also the lowest in 15 months.”

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John Slocum

February 11, 2012

This should be a sure sign of an improving market. That is interesting that damaged REO properties are selling even faster.

John Slocum

February 11, 2012

This should be a sure sign of an improving market. That is interesting that damaged REO properties are selling even faster.

Tara Kelly

February 11, 2012

Properties are moving and we are selling on the Big Island. Great info. Thanks for sharing.

Tara Kelly

February 11, 2012

Properties are moving and we are selling on the Big Island. Great info. Thanks for sharing.

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