Archive of posts tagged cash buyers

NAR Data Points to Recovery, but How Long Will It Last?

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The take on the state of the housing market, according to Capital Economics, is that the U.S. is currently in recovery mode. Although other reports may contend the bottom is yet to be reached, the research firm points to increasing home sales and the drop in excess supply, which leads to price gains, as reasons …

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Distressed Properties Account for 39% of Home Sales

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Data released by the National Association of Realtors (NAR) Tuesday show that distressed properties, including bank-owned homes and pre-foreclosure short sales, made up 39 percent of the first quarter’s existing-home sales. That’s up from 36 percent a year earlier. Overall, sales of previously owned homes rose to an annual rate of 5.14 million units during …

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