Skip to main content

Disappearing Foreclosure Sales! Team Thayer Real Estate News #realestate #housing #market #foreclosure #news #oregon

Investigation One BH
Investigation One BHREO sales are not what they used to be. In fact, in June, REO sales hit their lowest point in nine years,according to a new report by CoreLogic.
Overall distressed sales in June accounted for 8 percent of U.S. sales. REOs accounted for 5 percent, which is a far cry from January of 2009, when REOs made up 30 percent of U.S. home sales. REO sales in June were 2 percent below last June and at their lowest for any month since September 2007.
While distressed sales play an important role in clearing the housing market of foreclosed properties, they sell at a discount to non-distressed sales, and when the share of distressed sales is high, it can pull down the prices of non-distressed sales. With this in mind, REO sales continued decrease contributes to the home price increase of 5.3 percent seen earlier this month.
California had the largest improvement of any state from its peak distressed sales share, falling 60.6 percentage points from its January 2009 peak of 67.5 percent.
“There will always be some level of distress in the housing market,” CoreLogic reported. “If the current year-over-year decrease in the distressed sales share continues, it will reach that ‘normal’ 2-percent mark in mid-2019.”
Only eight states recorded increases in their distressed sales shares in June, when compared to a year ago, CoreLogic reported. Maryland had the largest share of distressed sales, with 19.4 percent. The Baltimore area had the largest share of distressed sales of any city as well, 19 percent. Connecticut came a close second in states with the most distressed sales, 18.4 percent. Michigan had 17.6 percent in June; Illinois and New Jersey also each reported distressed sales above 15 percent.
Meanwhile, North Dakota, despite having nagging concerns with its energy industry and the fallout on home growth, had the smallest distressed sales share in June, 2.5 percent. It also saw a 0.1 percentage point year-over-year declines in distressed sales.
Similarly, oil states continued to see year shares in June. Texas saw a 1.2 percentage point decrease and Oklahoma saw a 0.5 percent decrease. Florida, though, led states in decreased declines, with nearly a 6 percent drop in its distressed sales share from a year earlier.
While some states stand out as having high distressed sales shares, only North Dakota and the District of Columbia are close to their pre-crisis levels, each within one percentage point.
Click  link Below To Find Foreclosed Homes In Oregon

Team Thayer  www.teamthayer.com

Popular posts from this blog

The top 5 mistakes people make selling their homes. Team Thayer Official Oregon Real Estate News.

5 home selling mistakes with Team Thayer 1. Trying to sell your home yourself In this DIY era, the urge to try to sell your home yourself to save money can beckon like the smell of oven-fresh cookies at an open house. Resist.  Working with a licensed agent  helps ensure you’re not leaving money on the table as a result of an off-target listing price or a mistake in the many steps that lead to a final sale. Sell your sofa yourself online. List your home with a professional. 2. Picking the wrong Realtor Not all agents are equal. Just because your college buddy dabbles in the industry doesn't mean he’s the best guy to sell your home. You want experience. You want to  work with an agent  who has a depth of knowledge. Invite your buddy to the house-warming party.  Find an agent  who can truly perform. Do you research.  Top Home Sales Mistakes 3. Pricing your home too high Sometimes it’s good to aim high. But when you’re setting a price for your home, it’s better to b

UFC 227 play-by-play and live results #UFC #MMA #UFC227

LOS ANGELES – MMAjunkie is on scene and reporting live from today’s UFC 227 event, and you can join us for live play-by-play and official results beginning at 6:30 p.m. ET (3:30 p.m. PT). The event takes place at Staples Center in Los Angeles. The main card airs on pay-per-view following preliminary-card bouts on FX and UFC Fight Pass. In the main event, bantamweight champion T.J. Dillashaw (15-3 MMA, 11-3 UFC) rematches former champ and ex-teammate Cody Garbrandt (11-1 MMA, 6-1 UFC) for the title. In the co-feature, flyweight champion Demetrious Johnson (27-2-1 MMA, 15-1-1 UFC) has a rematch with Olympic gold medalist and former title challenger Henry Cejudo (12-2 MMA, 6-2 UFC). Follow along with our round-by-round updates and official results beginning at approximately 6:30 p.m. ET for the UFC Fight Pass prelims, 8 p.m. ET for the prelims on FX, and 10 p.m. ET for the main card on pay-per-view. To discuss the show, be sure to check out our  UFC 227 discussion thread . You can als