Archive of posts tagged discount

Short Sales Offer Significant Discounts in Several Major Cities

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Short sales are growing throughout the nation as distressed homeowners and servicers continue to seek alternatives to foreclosure and home buyers increasingly opt for the significant discounts that come with short sales. With 9,145 completed short sales, the Los Angeles area had more short sale transactions than any other metropolitan statistical area (MSA) in the …

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REO, preforeclosure properties selling at a larger discount

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The share of bank-owned homes and homes in some stage of foreclosure dropped 5 percent from the first quarter to the second quarter, falling from 36 percent to 31 percent, but was up from 24 percent in second-quarter 2010, according to a report released today by foreclosure data provider RealtyTrac. And distressed properties are selling …

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Fannie Mae sees slight housing market improvement

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Fannie Mae’s latest market outlook continues to call for a “modest improvement” in housing activity this year, although the prevalence of distressed properties on the market has led to renewed weakness in home prices and the industry’s shadow inventory looms large. The GSE’s chief economist notes that as the economic recovery approaches its two-year anniversary …

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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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