By Brian Honea
When distressed properties account for a large share of all residential home sales, it tends to pull down the prices of non-distressed homes, since foreclosed and REO properties typically sell at a discount to non-distressed homes. Data released by CoreLogic shows that as of late, however, the still-high distressed sales share is not causing non-distressed prices to fall.
The post Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices? appeared first on DSNews.
Via:: Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices?
