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.
For more information on Lane Guide, visit www.laneguide.com
©2012
Lane Guide Lenders On Line, Inc. – All Rights Reserved.
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