Demand for REO Pushes Prices Up, What’s driving Real Estate mini-boom?

Real Estate REO Property

Prices of non-distressed real estate properties remained level and account for 55% of the total sales volume. 14% are short sales.  31% of purchases were REO properties and the average price of the distressed REO property moved up to $124,500 in September from $106,700 in August.

To find out what’s driving this Real Estate mini-boom,  Click Here

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Tags: Landlord, Property Management, Property Management Software, Property Manager, property managers, real estate boom, rental property, rental property management, reo

This entry was posted on Monday, October 19th, 2009 at 1:04 pm and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed.