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
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‘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
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‘More REO is coming on to the market, however the prices are high.’ – Agent in Massachusetts
Homebuyer Participation
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‘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.
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