Decreased Access to Credit and Fewer "Move-In Condition" Homes is Being Blamed for Lower Owner-Occupied Investor REO Buyers.

Decreased Access to Credit and Fewer "Move-In Condition"  Homes is Being Blamed for Lower Owner-Occupied Investor REO Buyers.


The percentage of owner-occupied REO buyers has dropped 20% during the past 2 years. In 2009, around 80% of REO buyers were owner-occupants. That number now hovers around 60 percent and is still on the decline. 


Analysts blame decreased access to credit and a failure to repair foreclosed properties to “move-in condition.” Some experts blame investor acquisition of these properties for “reversing the years of community development progress that nonprofits.




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Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

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