Clear Capital just released it’s Home Data Index™ (HDI) for April, which reveals that REO’s, which have been a drag on the market for several years now by bringing home prices down, are actually help bolster prices as a result of investor demand for REO’s for rentals. REO home price gains (on a price per foot basis) are “vastly outpacing fair market prices on a national level” according to the report. [...]
