The banks cant release all of their inventory at once or the values will fall even further.

We haven't come across a bank that is rehabbing their REO inventory so far, but we have suggested it to a couple of them.

and requires principal intervention via MM inventory to achieve regulatory requiremets for market stabilization, etc.

Yeah, it seemed like the foreclosure inventory would never let up in Kaufman County.

We are looking at acquisition and rehab costs at 100k not too much higher and reselling in the 120-150k range.All the competition in my market is due to foreign investors, career flippers (buying properties and okay w/ making 5-10k on each one because of volume), and low inventory.

Wives want new kitchens and bathrooms, there is so much inventory, the houses sitting on the market for over 150 days are 1.

There is a avenue near campus that has 5 vacant homes complete with the winterized notices.

I'm pretty sure they have gone through the foreclosure process and are being held as REO.

The properties were previously ...

A realtor that keeps up with the market data told me that several areas of Austin have less than a month's inventory!

We have a complete lack of inventory sub 200K and, I believe, only a 3 month supply of total inventory.

So my last house was sold at a much lower price, but it was a retail sale as my buyer was the end user, they were to live in it, not flip it.So, that's just to say that price does not dictate a wholesale or retail transaction, price is irrelevant, it's who you are marketing to, someone who will move in and live there or to someone who will rent it out in their portfolio is a retail transaction, if you are selling for someone to place in inventory and to be resold, that's a wholesale deal,I do see people saying things like buy now at wholesale prices, like a furniture store, or even saying below wholesale, but that's nothing more than marketing hipe....really, what would a wholesale price be?