More Insights in REO

Things to Know About Evolving Change of Distressed Property Auctions

Distressed home sales are the reality that has been highlighted by the recent economic upheaval affected by the coronavirus pandemic. Economic turmoil has indeed triggered a crazy demand in many local housing markets as buyers struggle for a limited supply of lower-density housing far away from the crowded market. Research by NAR, National Association of Realtors showed an increase in pending home sales and another report by Mortgage Bankers Association witnessed a hike in purchase mortgage applications.