Lack of Distressed Supply Continues to Hit Home Sales
CNBC Wednesday 30th May, 2012
should have come as no surprise. It is all about price point, supply, and where the action is/has been. Depending on which survey you follow, sales of distressed properties (foreclosures and short sales), make up anywhere from a quarter to 40 percent of all home sales nationwide. The bulk of these sales are out west in cities like Phoenix, Las Vegas and much of Southern California. Real estate agents out west will tell you that supplies of these ...
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