Information from The Pew Charitable Trusts report: The Geographic Distribution of the Mortgage Interest Deduction … [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...]
WTH(eck)!?! More Crazy Real Estate Headlines
Number of Loans in Foreclosure Reaches a Three-Year Low Foreclosure Activity Rising in 2013 Both headlines above appeared in the media last week. The amazing part is that both headlines appeared on the same day and from the same media source … [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...]
Foreclosed Real Estate Selling at a 17 Percent Discount
Based on information from the December 2012 REALTORS® Confidence Index Survey, distressed (foreclosed and short sale) property sold at a 16-17 percent discount in December. The discount to market is affected by the property’s physical condition. The … [Read more...]
Foreclosure Trends VERY Different in Different Markets
Last week, RealtyTrac released their Year-End 2012 U.S. Foreclosure Market Report™. The report revealed foreclosure trends over the past few years. Here are a few of the key findings: A total of 2,304,941 foreclosure filings — default notices, … [Read more...]
