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Home | Tag Archives: REO

Tag Archives: REO

Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices?

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When distressed properties account for a large share of all residential home sales, it tends to pull down the prices of non-distressed homes, since foreclosed and REO properties typically sell at a discount to non-distressed homes. Data released by CoreLogic shows that as of late, however, the still-high distressed sales share is not causing non-distressed prices to fall.

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