Phoenix AZ Urban

There have been  millions of homes foreclosed on nationwide in the last 2 to 3 years and many are not put on the market for resale right away.  Many lenders that foreclose are holding back some of the properties and in many ways that’s a good thing.  If they put all the foreclosed properties on the market at once, the prices would really fall.  The number has fallen and we are currently down to a 5 month supply, down from last year and especially from the 8.4 months supply in January of 2010.  Check out the full story by clicking here.