![]() In fact, it is quite concentrated in specific cities and neighborhoods,” said Tom O’Grady, CEO of Pro Tech, said in a news release. foreclosure inventory, there has been a misperception that it is a problem for the entire market. Expecting to find a buyers market, they have found themselves instead struggling to compete with investors offering all cash for the few desirable properties offered for sale. Would-be buyers in many communities have been struggling with the lack of inventory for months. Are you waiting to buy a home until the foreclosure flood hits and you can have your pick of nice homes at a discount?Ī new report from Pro Tech Valuation Services warns that the flood of desirable foreclosure properties once expected to come to market probably will never happen.
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