Declining Number of Distressed Sales

The number of distressed properties is declining.  Short sales and foreclosures accounted for nearly a third of all sales from 2008 to 2011.  In 2012, that number dropped to 26%, and it’s estimated that that number will drop even further, to 17% for 2013.  They’re expecting percentages to fall to single digits by 2015.

This is great news for people underwater.  It means your home values will continue to improve.  If you’ve been thinking about buying a home, you need to start looking, because prices are going up!

distressed sales

Read more at NAR’s Economic Outlook Blog.

Tags: , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: