REO Prices Increase, Fair Market Prices Drop, Home Values Stabilizing

According to data from Clear Capital, over the last year, REO prices have increased 5.5 percent, while fair market prices dropped 2.9 percent. The real estate data provider explained that demand for REOs is most likely causing the increase in prices and named Carrington Holding Company, Amherst Securities Group, and Waypoint Financial as examples of investors purchasing single-family REOs with the purpose of converting them into rental properties.

For complete article: http://www.dsnews.com/articles/reo-prices-increase-fair-market-drop-while-home-values-seem-to-be-stablizing-2012-04-30