The total distressed sales for April 2016 fell again this month and if the current year-over-year decrease in the distressed sales share continues, it will reach that "normal" 2-percent mark in mid-2017.
Read More »Foreclosure Alternatives Grow to New Heights in May
Foreclosure alternatives continued to outpace foreclosure sales by nearly four to one and shows the wide range of options available to homeowners in both the short and long term.
Read More »When Will Distressed Sales ‘Normalize’?
Since hitting their peak in January 2009, the percentage of REO and short sales that make up all residential home sales has been steadily declining. At what point will it reach its "normal" pre-crisis level?
Read More »What’s Driving Down the Cash Sales Share?
Fewer and fewer buyers are paying all cash when they buy a house. What is the reason behind the decline?
Read More »Declining Distressed Inventory Forces a Change in REO Strategy
Distressed sales have been steadily falling since hitting their peak in 2009. Now that the backlog of foreclosures and REO properties has been clearing for years, how is this affecting business?
Read More »Distressed Sales Way Down Despite Slight Seasonal Uptick
The combined share of REO property sales and short sales is less than a third of what it was at its peak nearly seven years ago.
Read More »Tax Relief Bill to Hit President’s Desk
The bill extends a provision allowing borrowers who lost their homes through a short sale to exclude the forgiven mortgage debt from their gross income on tax returns.
Read More »Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices?
When distressed properties account for a large share of all residential home sales, it tends to pull down the prices of non-distressed homes, since foreclosed and REO properties typically sell at a discount to non-distressed homes. Data released by CoreLogic shows that as of late, however, the still-high distressed sales share is not causing non-distressed prices to fall.
Read More »Distressed Sales Continue Descent Toward Historical Norms
The distressed sales share, which includes sales of REO properties and short sales, was reported to be 9.3 percent for August 2015, down 2.3 percentage points from August 2014. August’s distressed sales share of 9.3 percent is the lowest since September 2007 and is less than a third off from its peak in January 2009, when it made up nearly a third of total residential home sales (32.4 percent).
Read More »Distressed Sales Move Closer to ‘Normal’ Levels
Sales of distressed residential properties (REOs and short sales) continued heading toward their "normal" levels with another substantial year-over-year decline in July 2015, according to distressed sales data released by CoreLogic on Thursday.
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