As the GSEs and other federal agencies involved in housing finance sell their collective inventory of repossessed homes, they will generate significant pressure on prices, according to a new report from the real estate analytics firm Radar Logic. And with an even larger share of government-backed loans in the delinquency pipeline, their influence over home prices could last for years, the New York-based company says.
Based on Radar Logic’s analysis, the federal government’s REO inventory — including homes owned by Fannie Mae, Freddie Mac, HUD, and the Department of Veterans Affairs (VA) — has increased steadily for over 24 months and now accounts for approximately 46 percent of the nation’s total REO supply…
Read the rest of this article from DSNews.com here.
Latest posts by Renee West (see all)
- UPGRADED, SINGLE LEVEL, RESIDENCE OFFERING SOPHISTICATED INTERIOR FINISHES, NO STEPS TO THE ENTRANCE. LISTED AT$4,875,000. - January 10, 2019
- LIVE ON THE BAY FRONT IN NEWPORT BEACH. EXCEPTIONAL ARCHITECTURE DESIGNED TO CAPTIVATE THE INDOOR /OUTDOOR LIVING AREAS. LISTED AT $5,550,000. PARK YOUR YACHT IN FRONT OF YOUR HOME. - January 9, 2019
- CONTEMPORARY CRYSTAL COVE ESTATE IN NEWPORT BEACH. ELEGANCE ABOUND. LISTED FOR $21,995,000. - January 9, 2019