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May 19th, 2009 12:59 PM
Foreclosure sales continue to dominate the market share of all sales. Inventory is way down (rounded, only about 5000 listings available compared to about 17,000 during 2007, per SAR data) which has created a lot of competition between buyers looking to purchase discounted bank repos (especially in the $200,000 and below price range). Some analysts are saying that once the repo cycle is cleaned out there will be few bank repos for buyers to purchase and they feel it may come soon. Sounds plausible, but the question is when the cycle will fully be gone. I think repos will continue to come for the next couple of years but I also think the pent-up demand is solid and that the inventory may hover low as it is now for the next couple of years. As always, there are so many variables to consider which could change things for better or for worse.

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