Friday, December 28, 2012

Shrinking inventory for big investors

As foreclosures continue to fall in metro Phoenix, the dominant buyers and sellers in the region are changing.

Fewer sales of lender-owned inexpensive foreclosure homes means a rapidly shrinking pool of houses for investors to purchase.

As a result, more homeowners will be able to sell to buyers for higher prices because they aren’t competing with lenders.

Read more: Shrinking inventory for big investors

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