Just a thought...

Okay, right now we have a heavy supply of Bank Owned (REO, Foreclosure) properties. And because of the competition on the market, and the desire for the banks to get rid of these properties fast, they are being priced extremely low.

So, now that President Bush is talking about the 'rescue' plans and the Presidential candidates are proposing everything from buying up banks and bad debt to restructuring loans to reflect current appraised prices, does that mean that more homeowners will be STAYING in their homes? Does that also mean less foreclosures? Less Short Sale properties? Less Bank Owned properties?

With the heavy amount of foreclosures and short sales, our supply of homes was greatly increased, which brought the prices down considerably.

Now, with the potential of so many homeowners having more options to save their home, does that mean a decrease in new properties on the market? More importantly, does that mean a descrease in the LOWEST priced homes (bank owned and short sale properties) on the market???

When the supply starts to descrease, the prices go up. Check for yourself. This link will take you to the most recent up to date REO listings that have hit the market within the past 5 days! Whether you click on it today, or next week, or next month, it will bring up the previous 5 days of RECENT REO, Bank Owned (Foreclosure) properties:

The LASTEST REO'S TO HIT THE MARKET!

Today (as I write this) there aer 85 NEW REO Listings (that does not include any REO properties that were listed before the 5 days). How many new REO"s will be on the market when you click on the link above!?!?

Good news for the homeowners, and potential sellers.

Eventually not so good news for the buyers.

Visit my REO blog today, and check out the amazing deals that are currently on the market. Sounds like they won't be around for long!

http://www.californiareo.blogspot.com/