Foreclosure inventory are basically at zero levels in 2021-2022. Due to our reduced inventory, what we experience today are higher prices into 2022. When a home hits the market there are usually multiple buyers ready to place an offer. This usually triggers a "highest and best" offer request from the seller (lender) and the property is under contract within days normally. Escalation Addendums are being used as well to win sales.
Short Sale inventories are basically at zero levels in 2021-2022.
This information is brought to you by Steve Ehlers from Premiere Plus Realty Co.
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