Summary of Article: Dramatic Increase in REOs

Key Points:

– Some states experiencing highest REO increase since 2008 recession
– South Carolina REOs up by 51%
– New York seeing commercial REO increase

Hot Take:

With REOs on the rise, it seems like the housing market might be taking a rollercoaster ride. Buckle up, folks – it’s going to be a bumpy journey ahead!
Original article: https://www.biggerpockets.com/blog/foreclosures-rising-and-commercial-delinquencies-increasing-q1-2024