According to Banker and Tradesman, about 16% of home sales this February were foreclosures and short sales. They also say that unsold home inventory is up 5.3% from last year. If you are a first-time home buyer interested in purchasing distressed … [Read more...]
Eighteen Percent of REALTORS’® Reported Sales in June Were Distressed
Approximately 18 percent of respondents who reported a sale in May sold a distressed property, substantially down from levels a few years ago, but unchanged from April. REALTORS® continued to report strong demand for REOs from investors. [Source: … [Read more...]
Investors Remain Major Buyers of Distressed Property in April
The share of distressed properties on the market continued to decline in April. Approximately 18 percent of REALTORS® who responded to the April REALTORS® Confidence Index Survey and who reported a sale sold a distressed property, substantially down … [Read more...]
Foreclosed Property Selling at 12 to 35 Percent Discount
Distressed property sold at a discount of between 12 to 35 percent of the market value depending on property conditions over the past year, based on information from the March REALTORS® Confidence Index Survey. Not surprisingly, the price discount is … [Read more...]
Distressed Sales Declined to 21 Percent in March
The share of distressed properties on the market continued to decline. About 21 percent of REALTORS® reporting on their last sale in March sold distressed properties, compared to approximately 40 percent in March 2011. This is based on data from the … [Read more...]
Distressed Sales Down
Foreclosed property in January was reported as selling at a 20 percent discount, while short sale properties sold at a 12 percent average discount according to the January REALTORS® Confidence Index. Approximately 24 percent of sales were distressed … [Read more...]
