Housing Markets Becoming Less Saturated with REOs

Markets Becoming Less Saturated with REOs

The nation’s REO stock fell 0.6 percent in May to 524,000 properties, according to analysis released by Barclays Capital.

In addition, the research firm estimates that housing’s shadow inventory – which Barclays defines as the supply of homes that are 90 or more days delinquent or in the process of foreclosure, meaning they are nearing REO status – declined by 2.3 percent to 4.02 million properties.

A separate study released by…

Read the rest of this article by DSNews.com here.

Renee West
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Renee West

Broker Associate at Villa Real Estate
I'm a real estate broker associate in Newport Beach & Corona del Mar, CA, with Villa Real Estate.
Contact me at (714) 914 9060 or rwest@villarealestate.com for all your real estate wants and needs.
Renee West
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