Not Many ‘Bank Deals’
Are you wondering how this strategy of banks-not-foreclosing is working?
Here are the counts of active listings of detached homes around NSDCC:
The supply of distressed homes-for-sale is 4% of the total active listings, and once you subtract Carlsbad, distressed listings make up 2% of the total supply in the other areas.
It would be a great time for banks to unload!