Apr. 15, 2009 - 90 Day Residential and Commercial REO Trends

Residential REO supply has not kept up with demanded.  In Stockton, California, one of the hardest hit housing markets in the country the unexpected rise in home sales caught brokers and builders by surprise.  http://www.cnbc.com/id/15840232?video=1085562265&play=1    Similar stories are being reported from around the country.

Tracking market interest in the REO market over the past 90 days we see a substantial increase in search activity across the internet.  Here is a list of the top ten markets reflecting interest in the REO markets for Residential and Commercial REO properties.

Web Search by Volume: “reo properties”
Regional interest by State for REO properties

1. Georgia  
2. Florida  
3. New Jersey  
4. California  
5. Ohio  
6. New York  
7. Texas  
8. Illinois  
9. Pennsylvania  
10. Virginia

Interest by City for REO properties

1. Phoenix  
2. Atlanta  
3. Los Angeles  
4. Dallas-Fort Worth  
5. New York  
6. Chicago  
7. Philadelphia  
8. Washington  
9. San Francisco  
10. Fresno

Commercial real estate interest has fallen by 40% since 2004 with the lowest level of interest in December 2008.  Since that time there has been a slight increase in interest.

Regional interest by State for commercial property

1. Oregon  
2. Florida  
3. Texas  
4. Georgia  
5. Tennessee  
6. Michigan  
7. Arizona  
8. Colorado  
9. Washington  
10. New Jersey  

Interest by City for commercial property

1. Orlando  
2. Tampa  
3. Miami  
4. Los Angeles  
5. Dallas-Fort Worth  
6. Detroit  
7. Houston

Apr. 22, 2009 - RE: 90 Day Residential and Commercial REO Trends

Question, there are an abundence of Multi Family REO's, are you interested in a supply of off market REO's?  Contact me and I might be able to help.