Foreclosures: May Be In A Drawdown Mode
- Respondents to the recent REALTORS® Confidence Index were asked about their most recent home listing. A foreclosure listing was reported by 9 percent and a short sale listing by 18 percent.
- Given that foreclosures are currently at the 27 percent level for Existing Home Sales, it appears that the inventory of foreclosures may be in a drawdown mode.
