Tag Archives: Distressed Home Sales

Economists examine areas where property owners have the most negative equity, a situation that potentially could create a foreclosure "blip."

While the management of liquidation processes may vary, the end goal is the same—effectuate liquidation strategies and expedite third-party property sales to minimize neighborhood blight and reduce the operation and holding risks associated with distressed property management. Editor's note: This story was originally featured in the December issue of DS News, out now.

In some areas of the country, foreclosures are at a standstill. Daren Blomquist, SVP of ATTOM Data Solutions looks into these stagnant foreclosures and what is next for the distressed housing market.

In anticipation of the existing-sales report for June coming out next week, it is important to note the uptick in demand that has been shown so far amidst lagging supply levels that pushed the median sales higher.

March's distressed sales share was the lowest percentage for any March since 2007. According to CoreLogic, distressed sales usually experience a month-over-month decline in March due to seasonality; this past March, the distressed sales share fell by 1.9 percentage points from February. According to CoreLogic, 8.4 of home sales were REO (real estate-owned) transactions in March 2015, while 3.7 percent were short sales, totaling 12.1 percent.

Home prices excluding distressed sales, which are normally discounted at 20 percent or more, actually appreciated at a lower rate month-over-month in April (2.3 percent) than home prices including distressed sales appreciated (2.7 percent).

Distressed home sales accounted for 13.5 percent of all home sales nationwide in February 2015, which represented a decline of 3 percentage points from February 2014, according to CoreLogic's February 2015 Distressed Sales data released Tuesday. February 2015's distressed sales ...

Sales of distressed homes (REO and short sales) fell to their lowest level in seven years and foreclosure inventory dropped by 34 percent year-over-year in December 2014, according to CoreLogic's February 2015 The MarketPulse report released on Tuesday.

Eight states reported a median sales price for distressed homes at less than half the sales price of non-distressed homes in August, according to a report recently released by RealtyTrac.

The August median price of U.S. distressed homes climbed both monthly and annually, according to RealtyTrac's August 2014 U.S. Residential and Foreclosure Sales Report released on Sept. 25.