Foreclosures Archive

Distressed Real Estate Sold at 20 Percent Discount in November 2012

Based on information from the November 2012 REALTORS® Confidence Index Survey, foreclosed property sold on average at a 20 percent discount, while short sale properties sold at a 16 percent average discount. The discount to market experienced by distressed...

Thinking Too Fast on Foreclosure Properties

Thinking, Fast and Slow is a book written by a psychologist who won a Nobel Prize in Economics several years back. Daniel Kahneman, the author, pokes at the basic economists’ assumption that people make rational calculations before deciding. His...

Top 5 and Bottom 5 Markets by Share of Underwater Mortgages

The strong price growth this spring has had an important impact on the housing market. Rising prices lifted many homeowners out of negative equity, improving confidence, enabling them to sell without a loss or to refinance at record low...

Local Market Reports: Foreclosure Rate

Since February of 2011, the foreclosure rate has fallen in many metro areas around the country. The markets with the largest absolute declines were dominated by markets that experienced the harshest impact from the subprime meltdown and subsequent housing...

Short Sales to Increase in 2012

The number of short sales grew steadily through the end of 2011 and is expected to continue to grow in 2012.  NAR Research estimates that the number of short sales in the United States will increase by 9.2% in...