Tag Archives: REO Price Increases Bode Well for Overall Market

Recent price increases with bank-owned homes are helping to provide an overall boost to the housing market, a recent report from Clear Capital says. Prices of REOs nationally rose 8.1 percent over year-ago levels on a median price-per-square-foot basis, according to Clear Capital’s May housing data. “Strength in the REO-only price trends as well as some early indications of price gains spreading from low-tier sectors to the mid- and higher-priced homes is helping confirm that the country continues to make progress on its recovery,” says Alex Villacorta, director of research […]