According to this article foreclosures filings are at their lowest rate since 2007. Only 48,653 filing this year in Dallas. Less foreclosures benefits the greater good, but who doesn’t like getting a killer deal on that foreclosure that just hit the market?
A little bird in the foreclosure business told me last week that there is a massive inventory of foreclosures being kept off the market by bureaucrats. He said we should expect to see a surge of foreclosures hitting the market in the first quarter of 2013.
The housing supply in Dallas has been drying up like our water supply. Some fresh inventory will do us good. Keep your eyes open and your check books ready!