Lane REO Index Bounces Up in 3rd Quarter…
Lane Guide (Reno, NV) December 4, 2012 --
After the first measurable drop in the Index since 2007, The Lane REO Index rebounded upwards in the 3rd Quarter of 2012.
The Index is the measure of the total bank REO portfolios nationwide. The increase to 198.5 is nearly 12 points higher over the prior quarter, marking the first up turn in the Index in over a year. While the up tick in the index shows a short-term increase in bank portfolios of owned properties, the Index is significantly lower year-to-year. This may indicate some leveling in the residential market, while the largest increases where in commercial and development properties.
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