On May 30, 2013, Esther Cho of www.dsnews.com reported that foreclosures and short sales were lower in the 1st quarter of 2013, compare to a year ago. Distress sales were 21% of all sales in the first quarter of 2013, fell 25% from a year ago. Foreclosure sales prices increased 27% in Dayton, Ohio, 26% in Phoenix, 23% Las Vegas, and 21% Sacramento, compare to a year ago. It is a very difficult experience for the homeowners losing properties to foreclosure.
It appears that home buyers were motivated by historic low interest rates and bought distressed properties in the first quarter of 2013.
For more detailed complete information, on the distressed properties sales in the 1st quarter of 2013, please CLICK HERE
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