Foreclosures- Is there more or less inventory?
I realize getting a full scope of the foreclosure market is not as simple as inventory being up or down. However, what I've seen from people I work with is larger, regular buyers at the Texas Tuesday auction ending up with less than expected inventory. This has happened the last two months from what I've heard.
Im not too savvy on the auction but know some reliable people over there. Anyone else have a perspective or opinion on this? If it's true I'd like to get an idea of why people think its happening.
Is it less inventory, more competition, smaller profit margins? All of the above?
Houston market specifically.