The REO market is so different now

In September, there were many good deals around. I only searched single family house in Woodbridge for less than 90K and town houses in Manassas for less than $70K. There were plenty of choices.

But now, still lots of them there, but when my realtor calls, lots of them would have accepted offers. My friend made 12 offers during the last couple of weeks, all except one were either full price or over price offers, but till now, he got nothing.
One townhouse in Sudley place in Manassas got a final bid of over $90K though the listing price was only $63K.
I can see that the investors are very active. I have been in the "field" everyday, so I would think this might be the bottom for the REOs, though the regular sales are quite another story.

所有跟帖： 

• 太便宜了 -red.rose- ♀ (30 bytes) () 11/03/2008 postreply 21:23:25

• 我们这儿相反 -风花雪月~- ♀ (45 bytes) () 11/03/2008 postreply 21:27:19

• 加洲的经济无法跟DC区比的. -miat42- ♂ (0 bytes) () 11/04/2008 postreply 07:12:33

• 别瞎说 -风花雪月~- ♀ (24 bytes) () 11/04/2008 postreply 11:54:38

• same here -hmo- ♂ (50 bytes) () 11/04/2008 postreply 10:15:02

• 很可能是DC区的底部... -miat42- ♂ (0 bytes) () 11/04/2008 postreply 07:11:16