Foreclosure Supply Slowly Returning to Market

According to recent dataDaren Blomquist, VP of Market Economics, says foreclosure inventory is slowly returning to the market in Q2 2021. 

  • Most auctions on vacant or abandoned
    properties exempt from moratoria
  • Foreclosure sales rate at seven-year high,
    REO bids per asset at all-time high
  • Building backlog of foreclosures could
    exceed 1.1 million by Q2 2021

Read the REI INK Article