According to the latest information available from the Realtors Confidence Index survey, the price discount for distressed property relative to non-distressed property is in the neighborhood of 15 to 20 percent.
What does this mean for REALTORS®?
On average, non-distressed property is basically a different market from distressed sales. Many Realtors® have indicated that distressed properties are not meaningful comps. Realtors® have also mentioned that they caution clients interested in non-distressed properties not to expect the same level of discount to market as is the case for distressed properties.
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
This website uses cookies.
