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HUD Foreclosures in Columbus - Prices Less Tempting
Posted by Mike Parsons
April 22, 2007 at 10:43 AM
I have seen a tightening of the HUD home marketplace here in Columbus. HUD home list prices seem to be priced higher and closer to their fixed up, retail value than they have been over the last couple years making them less appealing to buyers. HUDs Columbus home inventory is currently around 250 homes where in the past there were probably 80. I attribute this to more foreclosures, a slightly slower marketplace, a slowing of appreciation, but mostly to a more aggressive pricing strategy that HUD has employed over the past year. Homes in good areas that once were gone in the first week bidding period are now sitting for 30 days.
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