Fewer foreclosed homes on the market in Orlando
Buyers wanting to buy a foreclosed home in the Orlando area are going to
have to look a lot harder than a year ago, when the property market had about
three times more foreclosures listed for sale.
So far the dwindling supply of bank-owned properties has not noticeably
pushed up those prices. That is partly because appraisals are based on
sales within the past six months.
While the amount of bank-owned foreclosure listings is dwindling, the
number of normal listings is growing, according to the latest Monday
Morning Quarterback report by the Orlando Regional Realtors Association.
Posted: 1 August 2011
Source: Orlando Sentinel
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