CoreLogic: REO (foreclosure) sales drop to lowest level since January 2007 | 2016-04-07 | HousingWire

Although the market will always have some level of distressed sales, it will no longer be at the same level witnessed during the financial crisis. Distressed sales now account for only 11.2% of market sales, according to CoreLogic’s Data Brief report for January 2016. To put this in perspective, the housing crisis saw a huge jump in distressed sales, growing from an average of 2% up to an astounding 32.4% in January 2009.

Of the distressed sales in January, real estate owned accounted for 7.8%, a drop of 20.2 percentage points since January 2009, according to the report. Read more by clicking here.

Link to article:  CoreLogic: REO sales drop to lowest level since January 2007 | 2016-04-07 | HousingWire:





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