San Fernando Valley:
Ventura County:
The REO flag appeared later in 2008 for Ventura so that is why you see the lack of REO sales being tracked early on. I think many agents weren't setting some of these flags and some of what you see isn't a natural progression of the market but more of an education of listing agents. Official DQ foreclosure numbers should be out this next week and we'll get a better feel for these types of things. As you can see though short sales are becoming a significant force in the market. As servicers improve their procedures and work to move inventory sooner rather than later I think short sales will become an even greater force.
3 comments:
Wow...those numbers say something. Hopefully things start turning around early next year.
Report this turd to GoDaddy.
Anyway, normal transactions might as well hibernate until 2010.
I think REOs will peak soon. I think we are far from a peak in short sales.
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