It's more difficult with refi's...not that many, and purchases are tricking in. I had a refi and a heloc signing today.
Here's what Realtytrac has to say about the number of foreclosure properties, and the housing/lending market today.
http://www.realtytrac.com/news/foreclosure-trends/march-and-q1-2017-u-s-foreclosure-market-report/
“The reduced number of foreclosure properties is consistent with lower unemployment rates, and is contributing to the lack of inventory available to consumers. That low inventory, coupled with increased demand, is causing an increase in housing costs, a reduction in days on market and causing frustration among homebuyers wanting to purchase.”
Things will pickup. Meanwhile, a lot of people will drop from the radar screen. Unless NSAs have other resources, they cannot continue to wait around for things to get better. They'll be looking for full time jobs or other gigs. |
