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.”