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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Sunday, October 11, 2015

U.S. distressed sales fall to just 9% of home sales

U.S. distressed sales – which include real estate-owned properties and short sales – fell to just 9.4% of total home sales in July, according to new data from CoreLogic. That’s down 2.1 percentage points from July of 2014 and o.4 percentage points from last month.

Within the category, REO sales made up 6.1% of all U.S. home sales in July, while short sales made up 3.3%. The REO share was at its lowest level since 2007.

The move away from REO sales is driving improved home prices, since bank-owned properties usually sell at a larger discount than short sales, according to CoreLogic. However, distressed sales as a whole are still quite a bit higher than they were prior to the housing meltdown. The pre-crisis level of distressed sales was normally around 2%. If the current trend continues, distressed sales would reach that “normal” mark in mid-2019.

Florida had the largest share of distressed sales in July at 20.7%, followed by Maryland (20.6%), Michigan (20.2%), Connecticut (19.1%) and Illinois (18.9%).

Nevada saw the largest year-over-year drop in distressed sales, plummeting 6.4 percentage points. California had the largest improvement from its peak distressed sale share. In January of 2009, California’s distressed sale share was 67.4%; since then, it’s fallen 58.6 percentage points.

MPA

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