Foreclosures Archive

Foreclosure Rates and Changes: Q4 2013 vs. Q4 2012

Rising home values and an improved economy changed the foreclosure picture dramatically over the last two years. The decline in foreclosures and distressed sales resulted in less downward pressure on prices and more buyer confidence. To find out how...

Sellers With Previous Foreclosure or Short Sale: Access to Mortgage Financing

Homeowners who had experienced a foreclosure or short sale are starting to return as homeowners, although access to financing is posing a constraint, according to information in the August REALTORS® Confidence Index Survey report. About 23 percent of respondents...

Foreclosed Property Selling at 12 to 35 Percent Discount

Distressed property sold at a discount of between 12 to 35 percent of the market value depending on property conditions over the past year, based on information from the March REALTORS® Confidence Index Survey. Not surprisingly, the price discount...

Distressed Sales Down

Foreclosed property in January was reported as selling at a 20 percent discount, while short sale properties sold at a 12 percent average discount according to the January REALTORS® Confidence Index. Approximately 24 percent of sales were distressed (foreclosures,...

Foreclosed Real Estate Selling at a 17 Percent Discount

Based on information from the December 2012 REALTORS® Confidence Index Survey, distressed (foreclosed and short sale) property sold at a 16-17 percent discount in December. The discount to market is affected by the property’s physical condition. The unweighted average price...