Survey Finds Short Sales Outnumber REO in January Purchases In Housing, a Supply Problem of Epic Proportion Jump directly to links further down on this page: Canadian Government Links * Canada Mortgage and Housing Corporation (CMHC) * Homelessness Partnering Strategy * Links to Provincial and Territorial Affordable Housing Websites.
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Housing Wire – "Survey Finds Short Sales Outnumber REO in January Purchases" (2-22-10) "Short sales accounted for 15.9% of home purchases in January, surpassing the share of other distressed property activity, when real estate owned (reo) properties are measured separately, according to a monthly Campbell/Inside Mortgage Finance (IMF.
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Short-sales and foreclosures are 45% of ALL (active, pending sale and closed sales) real estate residential transactions in our market. We already know that short-sales are here to stay. Homeowners looking to ride the process to save the cost of housing should be aware that time is running out.
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Short sales accounted for 15.9% of home purchases in January, surpassing the share of other distressed property activity, when real estate owned (REO) properties are measured separately, according to a monthly Campbell/Inside Mortgage Finance (IMF) survey of more than 1,500 real estate agents, conducted by Campbell Surveys.