Arab Today, arab today distressed home sales still stressing the market
Last Updated : GMT 18:51:50
Arab Today, arab today
Arab Today, arab today

Distressed home sales still stressing the market

Arab Today, arab today

Arab Today, arab today Distressed home sales still stressing the market

Irvine - UPI

The sale of distressed homes in the United States remained \"persistently high,\" in September, online real estate firm RealtyTrac said Thursday. RealtyTrac said 25 percent of all home sales in the month involved distressed properties, which are either bank-owned or in the process of foreclosure. That is up from 18 percent in September 2012, the company said. \"Distressed sales remain persistently high, particularly short sales,\" said Daren Blomquist, vice president at RealtyTrac, referring to sales in which the price falls short of what is owned on the property. \"Markets with the biggest increases in short sales tend to be those where either foreclosure starts or scheduled foreclosure auctions have rebounded in the last 18 months -- translating into more motivated short sellers -- or those with a still-high percentage of underwater homeowners with negative equity,\" Blomquist said in a statement. RealtyTrac said home sales rose by 2 percent from August to September and climbed 14 percent from September 2012, as sales reached an estimated annual pace of 5,673,249 per year. The median sales price for all homes sold came to $174,000 in September, up 1 percent from August and up 6 percent from the median sales price of $164,500 in September 2012, the firm said. The median price for a distressed home in September was $112,000, a price 41 percent lower than the median price of non-distressed homes, which came to $189,000 in the month. \"The housing market continues to skew in favor of investors, particularly deep-pocketed institutional investors, and other buyers paying with cash,\" Blomquist said. Institutional investors are those defined as buyers who have purchased 10 properties or more in the past 12 months. Economists, however, say the housing market recovery cannot be sustained without greater participation by first-time buyers who intend to live in the homes they buy. In September, institutional investors accounted for 14 percent of all home sales in September, up from 9 percent in August and up from 9 percent in September 2012, RealtyTrac said. \"September had the highest percentage of institutional investor purchases of any month since RealtyTrac began tracking in January 2011,\" the firm said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today distressed home sales still stressing the market Arab Today, arab today distressed home sales still stressing the market

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday