It seems like the real estate market is coming back with some what of a roar. Want to buy a foreclosure? Be ready for a shock. Agents are getting multiple offers on foreclosure homes. The number of foreclosures and distressed properties are drying up.

Cesar Dias, became some what famous for his “foreclosure tour” in Stockton, CA, in which he packed potential buyers on a bus and ferried them around to some of the thousands of distressed properties. The tour is now history. For every listing that comes out, there are ten buyers, said Dias, an agent for Approved Real Estate Group. According to Dias, “We had a lot of inventory last summer. Now we are down to 1,500 listings, down from 5,000.”
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