Distressed sales (short sales and REO property transactions) accounted for just 12.7 percent of residential real estate transactions nationwide in 2014, the lowest share since 2007, according to Black Knight's February 2015 Mortgage Monitor released today.
Read More »Percentage of Short, Distressed Sales Falls to Three-Year Low
Short sales and sales of distressed properties (those that are in foreclosure or bank-owned) accounted for 12.7 percent of all residential home sales in the U.S. in the third quarter, according to RealtyTrac's Q3 2014 Residential Sales Report released today.
Read More »Report: Annual Rate of Home Sales Falling
The nationwide annual rate of the sale of residential properties, which include single family homes, condominiums, and town homes, declined by 3 percent month-over-month and 12 percent year-over-year in July, according to RealtyTrac's July 2014 U.S Residential & Foreclosure Sales Report released on August 29
Read More »Home Price Increases Decelerate Again
One of the country's leading home price measures continued to push up in May, though gains have now slowed to a single-digit annual pace. CoreLogic reported an 8.8 percent year-over-year increase in its May Home Price Index (HPI), marking 27 straight months of annual improvement. As of the latest report, half of all states and the District of Columbia are now at or within 10 percent of their peak home price appreciation.
Read More »May Equity Home Sales Continue to Rise in California
Higher home values have continued to fuel more equity home sales, making up more than 80 percent of all home sales for the past 11 consecutive months, according to the California Association of Realtors (CAR). The group noted that pending home sales receded slightly in May, as investors pulled out of the market due to higher home prices.
Read More »Total Home Sales and Prices Tick Slightly Upward in March
According to RealtyTrac's latest Residential and Foreclosure Sales Report for March and Q1 2014, U.S. residential properties sold at an estimated annual pace of roughly 5.2 million homes in March, a .4 percent increase from February, and up 8 percent from the previous year.
Read More »Home Prices Remain Flat; Distressed Homes Stable in March
Clear Capital, a provider of data and solutions for real estate asset valuation and collateral risk assessment, released its Home Data Index Market Report with data through March, 2014. The report noted that the frosty winter left home prices mostly flat, while saturation of distressed homes remained stable at 21.8 percent.
Read More »Rising Home Prices Shrink California Distressed Sales
The California Association of Realtors (CAR) released a new report, revealing sales of distressed homes have plummeted in the past five years. In January, 2009, 69.5 percent of all homes sold in California were distressed, which included short sales and real estate-owned properties (REO). The report issued Monday noted that five years later, distressed home sales made up only 15.6 percent of sold homes.
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