Auction.com: Demand for distressed housing returning
Housing Wire
NOVEMBER 23, 2020
Auction.com ‘s Distressed Market Outlook report for the fourth quarter shows a pick-up in demand for distressed housing, with a 24% increase in completed foreclosure auction volume in September. In addition, the foreclosure sales rate is at a seven-year high, and REO bids-per-asset are at an all-time high. . The report notes that widespread foreclosure moratoria in place do not apply to legally vacant or abandoned homes.
Let's personalize your content