I read an article from a real estate news company today saying that some banks have been sitting on REOs and are soon going to be putting them on the market. One of my local expert agents also emailed me saying the same thing about one of the banks that’s waiting to see what Obama does and plans to go to market with them in March.
Something to keep an eye on.
You can keep track of the REOs that come to market using our New Listings report (http://www.slocountyhomes.com/newlistex.php). REOs are easy to see because we color code the city name in blue, short sales are in orange.