2 Comments

1. 

   RMAdvisor

   October 9, 2020 at 4:04 pm

   There is no question that within the next 24 months, lenders are likely to have increased REO inventory. Until that inventory starts to substantially decrease, it is VERY likely housing prices will decrease in areas where the size of lender REO inventory is unusually large.

   Right now property values in NYC are dropping significantly. While much of that is related to Covid-19, there is no doubt that situation could worsen as REO inventory grows at some point in the next two years.

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2. 

   Malcolm S Tennant

   October 16, 2020 at 6:05 am

   As northern baby boomers retire, many plan to move to Florida to escape the brutal winters and high taxes. There is also an exodus of all ages from CA, IL & NY to Florida. Florida housing inventories are very low so I do not expect a significant pricing correction in the major markets in Florida.

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