Insight
Texas delivered the biggest REO spike of any major state— both month over month and year over year.
Bank-Owned Properties Rise 25.7% Year-Over-Year—What This REO Surge Means For Real Estate Investors
Summary
Bank-owned properties (REOs) are surging, reflecting the end of the foreclosure cycle. This creates opportunities for investors, including those using tax-advantaged retirement accounts, to acquire properties below market value. Hosts, particularly those in areas with rising REOs like Texas and Florida, can use this data to identify markets for potential acquisitions and build their real estate portfolios.
Key takeaway