Housing Trends

Housing Trends • Time on market for non-distressed properties remained steady. •   The damaged REO share of distressed property sales increased in many areas. • After months of declines, investor participation increased slightly in September. Time on Market ‘Great, clean homes sell in less than two weeks. Homes priced too high linger and get low-ball offers.’ – Agent in Indiana Proportion of Distressed Property Transactions ‘More REO is coming on to the market, however the prices are high.’ – Agent in Massachusetts Homebuyer Participation ‘Hedge funds are buying everything off of the courthouse steps and in the market as well.’ – Agent in Georgia

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Footnote: Farm Belt = IA, KS, MN, ND, NE, SD, WI; Industrial Midwest = IL, IN, MI, MO, OH; Northeast = CT, DE, MA, MD, ME, NH, NJ, NY, PA, RI, VT; Oil Producing = LA, OK, TX; Pacific Northwest = OR, WA; Rocky Mountain = CO, ID, MT, NM, UT, WY; South = AL, AR, GA, KY, MS, NC, SC, TN, VA, WV.                         Housing trends data used in this publication are from the Campbell/Inside Mortgage Finance HousingPulse monthly survey.  Survey results have been licensed to Chase for use in this publication.  All rights reserved by Campbell Surveys.  For more information, go to HousingPulse.com. ABOUT THIS MESSAGE Chase values your privacy and preferences. If you wish to unsubscribe from email promotional messages from Chase, please click here. Please note that you will continue to receive service-related email messages that directly concern your existing Chase products and services. Please allow up to 10 business days for us to process your request. If you want to contact Chase, please do not reply to this message, but instead go to chase.com. Replies to this message will not be read or responded to. For faster service, log on to your account. For more detailed security information, view our Online Privacy Policy . To request the policy or to opt-out of email communications in writing: Chase Privacy Operations, P.O. Box 659752, San Antonio, TX 78265-9752.

This entry was posted on Tuesday, November 19th, 2013 at 5:02 pm and is filed under Buying a Home, Foreclosures, Mortgage, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.