We have had 15 new listings come onto the market within the last 24 hours in the Santa Clarita Real Estate Market for sale.  Three of those are REO’s which is small when compared to last year.

We have been wondering when this REO market will pick up and when the market will start to populate with Foreclosure Inventory.

I would suppose very soon – From everything that I am hearing from our sources at the Banks with which we work – it would start to increase any time now.

But that is hard to say to those of our buyers that are frustrated. 

Three of the 15 listings were short sales.  Hang in there – We will all make it through this market.