Distressed Sales at Lowest Since 2007

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Mortgage and Lending NMLS #371291

Distressed Sales at Lowest Since 2007

In yet another sign of strength in our housing market, sales of distressed homes (REO real estate owned by banks) has dropped to their lowest level since April 2007.

The most recent readings from CoreLogic show that distressed home sales made up just 11.1% of total home sales in April, down 3 percentage points from April 2014 and down 1.5 percentage points from March.

Get the whole story and also see what's trending in regards to mortgage rates in this week's Weekly Rate Insider by clicking here.

 

Distressed Sales at Lowest Since 2007

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Eric Gausepohl, California Mortgage Banker
(800)774-7650
closings@summitlr.com

2130 Main Street, Suite 110
Huntington Beach, Ca  92648

NMLS #371291

Homes for Heroes

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