The REO resale market is continuing to hang on – prices were up again in December, but less than two per cent. The good news is that even though sales slowed slightly, values ended up even if by a slim margin. But, another wave of looming foreclosures threaten the current price stabilization and depending on the actions taken by the banks we may see a recovery of sorts this year or another back dive into wholesale real estate hell.
Read the original post:REO Market Watch – January 2010
