Pending Home Sales Slip in June, Remain Above a Year Ago

As there are fewer homes listed on the market we are seeing fewer offers being written and the pending home sales have slipped in June.   I am also experiencing more situation where buyer’s are facing multiple offers situations and have to bid over asking price.

Do the banks really still  have mass volumes of foreclosures  left on the books?  We could really use all the bank owned held back properties on  the market right now!

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