Not enough REOs to meet investor demand

Bloomberg: Bulk sales slow to materialize

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Investors eager to capitalize on low home values and a booming rental market are reportedly finding there are not enough foreclosed homes to buy.

Inventories of real estate owned (REO) properties have been shrinking due to delayed foreclosure processing and few bulk sales by banks in favor of short sales, Bloomberg News reports.