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Distressed Sales to Remain Elevated until 2017
Friday, July 10, 2015
While the share of home sales accounted
for by distressed properties continues to drift lower, only two states are
approaching what could be considered normal levels. CoreLogic said on Thursday that sales of
lender-owned real estate (REO) and short sales made up 11.1 percent of
residential real estate transactions in April, down 3 percentage points from
April 2014 and 1.5 points from March 2015.
The company noted that April is typically a month in which the
distressed sales share decreases from the previous month, but this was the
lowest share for any April since 2007.
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