IAS360 Indicates Some Return To Normalcy In Nation’s Hardest Hit Markets

Foreclosures, REOs (Bank Owned Real Estate) and NODs (Notice of Defaults) were the headline news beginning in 2007 and for most of 2008. The number of foreclosures went through the roof, over extending housing supplies, creating blighted markets, and causing unheard of price reductions on existing and new housing inventory. Then in the first quarter 2009, things changed.

IAS360 House Price Index shows bright spots at the individual county level with 75 of the 360 counties showing month to month improvement in September

IAS360 House Price Index Reports a National Decline of 0.2% for August