There is a new trend in real estate marketing in Ohio in the form of the Cleveland foreclosure bus tour. A real estate agent books a tour bus and charges $15 per person for home buyers to go to three different suburbs with homes that have been foreclosed.

In Phoenix, AZ, has the Phoenix foreclosure Bus Tours that brings together real estate agents, mortgage brokers, and rehab specialists with potential home buyers and investors to try to get the foreclosed homes moved off the market .

These tours may help move foreclosed homes off of the market faster. The real question is, are these tours taking potential buyers away from the rest of the inventory in the city? In price-stable Cincinnati there are specific areas with more foreclosures, and the agent-listed inventory in those areas may suffer more from activities like this in the short term, but getting foreclosed homes occupied quickly is good for the community in the long term..