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Distressed Sales: State by State

We have often written on the impact foreclosures and short sales have on the value of the house next door. The Center for Responsible Lending has done great reporting on the subject. It seems distressed properties will be a challenge we will need to deal with for some time. The National Association of Realtors (NAR) released their Existing Sales Report. The report said:

Distressed homes – sold at discount – accounted for a 39 percent market share in February, up from 37 percent in January and 35 percent in February 2010.

This week, NAR released an Economic Outlook. In the report, they covered the percentage of overall sales that distressed properties represented in each state. Here is a map that accompanied the report:

Bottom Line

Distressed properties have a major impact on house values in a marketplace. Where there is a large percentage of distressed properties, home prices will continue to soften until we work our way through this inventory.

We at The KCM Crew believe every family should feel confident when buying & selling a home. KCM helps real estate professionals reach these families & enables the agent to simply & effectively explain a complex housing market. Take a 14-Day Free Trial of our monthly membership to see how we can help you!
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  1. […] week, we reported on the National Association of Realtors’ (NAR) Economists’ Outlook and gave you a map showing […]

  2. […] week, we reported on the National Association of Realtors’ (NAR) Economists’ Outlook and gave you a map showing […]

  3. […] week, we reported on the National Association of Realtors’ (NAR) Economists’ Outlook and gave you a map showing […]

  4. […] in February 2011 comprised nearly half of all sales; it is a major part of market activity today. Read more. Ref. chart below, click to […]

  5. […] this week, we reported on the National Association of Realtors’ (NAR) Economists’ Outlook and gave you a map showing […]

  6. […] week, we reported on the National Association of Realtors’ (NAR) Economists’ Outlook and gave you a map […]

  7. […] week, we reported on the National Association of Realtors’ (NAR) Economists’ Outlook and gave you a map showing […]

  8. […] KCM Crew on March 29, 2011 · 1 commentin Foreclosures,Pricing,Short SalesShareLast week, we reported on the National Association of Realtors’ (NAR) Economists’ Outlook and gave you a map […]

  9. […] This week, NAR released an Economic Outlook. In the report, they covered the percentage of overall sales that distressed properties represented in each state. Here is a map that accompanied the report: read more […]

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