Tag Archives: distressed properties

Distressed Sales Share Falls to Lowest Level in Eight Years

Distressed sales (short sales and REO properties property sales) 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. The share of distressed sales for 2014 was down from 17 percent reported for 2013, according to Black […]

Read More

Is the Phoenix Housing Finally Back to Normal?

According to Arizona State University, the Metro Phoenix Housing Market finally has the appearance of being more “normal”, with rising home prices, waning investor involvement & dwindling foreclosures & distressed properties across the Valley. After many months of chronic shortage of available inventory, it is even looking like a more balanced market as well, with […]

Read More

Investors leaving the market?

Current homeowners are playing a bigger role as home-buyers, with a sharp slowdown in investor activity, according to a  Housing Pulse Tracking Survey by Campbell/Inside Mortgage Finance who surveyed about 2,000 agents nationwide. In June of 2013, current homeowners buying another home represented 44.6% of all home purchases, up from 43.8% in may.  A third […]

Read More

Distressed properties are on the decline in Phoenix | HousingWire

Distressed properties are on the decline in Phoenix | HousingWire. Though there are still advertisements saying thousands of lender-owned properties are going to flood the market, that is definitely not the case for the Greater Phoenix market. Sure, there was a flood of cheap properties at one point in time, but that time has passed.Lenders […]

Read More