Four Hundred Thousand Homes for Sale and less than 5% are non-distressed.
Mathews Realty Group
Retirement Advisor/Investment Consultant
Self Direct IRA/401K Specialists
Report: Distressed Homes Accounted for Nearly Half of January Sales
The percentage of distressed properties in home purchase transactions climbed to its highest level in nearly a year last month, according to a report released Tuesday by Campbell Surveys in conjunction with Inside Mortgage Finance.
“Short sales occupy 65 percent of market share, REOs occupy 30 percent of market share, non-distressed are 5 percent or less,” reported another agent in Nevada.
The first-time homebuyer share of home sales was 35.0 percent in January, according to the report, down from 37.7 percent in December. The survey found that FHA lending also took a tumble, falling from 30.2 percent of financing options in December to 27.7 percent in January
No comments:
Post a Comment