NAR: Distressed Sales Declining

by 30 Oct 2012

Based on information from the latest REALTORS® Confidence Index survey, 24 percent of respondents reported selling distressed property (foreclosed and short sales), down substantially from what had been the case a year or two ago. Cash sales accounted for roughly 40 percent of distressed sales (39 percent in August 2012).

COMMENTS

  • by William Matz | 11/1/2012 7:26:23 PM

    This only considers REO that is re-sold. What about REO that is held off market or converted to rentals? Or defaults that are allowed to linger for 1-2 years to avoid glutting the market? This info is good but incomplete.

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