Mortgage And Real Estate News

Friday, December 28, 2012

Shrinking inventory for big investors

As foreclosures continue to fall in metro Phoenix, the dominant buyers and sellers in the region are changing.

Fewer sales of lender-owned inexpensive foreclosure homes means a rapidly shrinking pool of houses for investors to purchase.

As a result, more homeowners will be able to sell to buyers for higher prices because they aren’t competing with lenders.

Read more: Shrinking inventory for big investors

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