According to information in the latest Realtors® Confidence Index, distressed properties sell below the market price of comparable, non-distressed properties; the discount level fluctuates depending on sales location and types of properties. Foreclosures have been selling at approximately 20 percent below market. Short Sales have been selling at approximately 15 percent below market.
The discount to market is affected by property condition. Well maintained properties tend to sell at a lower discount than is the case for properties in poor condition. The graph below is based on data from November 2011 to February 2012.
This post was last modified on %s = human-readable time difference 5:57 am
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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