For weeks now I've been getting the feeling that we've turned the corner on prices in foreclosures. Today I'm ready to go out on a limb and take the position that prices on bank owned inventory has bottomed and in fact is likely to bounce up some over the next few months. These are the reasons why I believe we've come to this moment: Inventory is Falling (image courtesy MAAR) From February 1, 2009 to April 1, 2009 the inventory of lender mediated (short sale and bank owned) listings has fallen by 1200+ units... a … [Read more...]
