Posts with tag distressed sales

A report released today says that home prices slid by nearly 5 percent last year, but also indicates that most of the decline was due to distressed sales. CoreLogic's December Home Price Index found that home prices fell 4.7 percent in 2011 compared with December 2010, marking the fifth consecutive year of the housing... Continue Reading »

Hold on to your hats: Distressed home sales made up nearly a third of all home sales in the U.S. in January. Such sales, including short sales and real estate-owned (REO) transactions, accounted for 29 percent of sales -- reaching highs not seen since January 2009, when home prices were at their weakest, according to a... Continue Reading »