Low foreclosure inventory means more competition for fewer homes
As the foreclosure numbers have dropped, so has the inventory for would-be investors.
An article in the San Diego Union Tribune talked about the fact that real estate investors who are looking for foreclosure bargains are running into brick walls.
Banks are not releasing the flood of foreclosure inventory that many thought would come, and as a result there is a lot less inventory from which to choose. Still, buying property and renting it out is penciling out more and more, investors are still looking for good properties. This is one of the reasons why there are multiple offers on well-priced homes throughout the county.
If you are thinking of investing in real estate or are looking for a home in which to live, your choices are low and the competition is high. Be prepared to make the right offer on the right home or else you may be just spinning your wheels.
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Bryan Devore
Prudential California Realty
(760) 908-3838
North San Diego County and Carlsbad Real Estate
