Respondents to the recent REALTORS® Confidence Index were asked about their most recent home listing. A foreclosure listing was reported by 9 percent and a short sale listing by 18 percent.
Given that foreclosures are currently at the 27 percent level for Existing Home Sales, it appears that the inventory of foreclosures may be in a drawdown mode.
Robert Paul
Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.