For years, Seattle has been viewed as largely immune to downturns in the economy. Historically, Seattle has shown itself remarkably resilient to the ebbs and flows of the national economy by often being the last city to experience impacts from the economic strife and the first city to begin leading the country out of its decline. Dating back…
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REO (Bank Owned Homes) Inventory: A Permanent Fixture and Investor Opportunity in Today’s Real Estate Market
Through the 3rd Quarter of 2010, distressed real estate transactions (REOs, Foreclosures and Short Sales) accounted for nearly 33% of all closed transactions, the largest portion being REO and Foreclosures combining for 25% of the closed transactions. REO inventory is currently at record highs. The REO inventory of Fannie Mae, Freddie Mac and FHA increased nearly 24% in…
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