NAR Sees Less Foreclosure Properties | North Salem Real Estate

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Foreclosures: May Be In A Drawdown Mode

from Economists\' Outlook by Jed Smith, Managing Director, Quantitative Research
  • 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.

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