At the moment, inventory is flat to slightly down compared to this week’s earlier update. This could be very important or completely irrelevant.
There also have been 919 single-family homes in the Phoenix real estate market to go under contract in the past seven days, which also could be very important or completely irrelevant.
Over a quarter of those homes were lender-owned. This, I can say with confidence, is a rather important statistic.
That’s it for today as it’s been proven no one reads blogs on Saturday.
[tags]Phoenix real estate, REO homes, foreclosures[/tags]