Bank Owned Properties
Cash Buyers Continue to Dominate Market
From Realtor Magazine:
For the fifth-straight month, cash buyers accounted for at least 30 percent of existing-home sales, the National Association of REALTORS® reported this week.
In May, all-cash buyers made up 30 percent of existing home sales, which compares to 25 percent in May 2010 and 12 percent two ...
Metro Denver Real Estate Showing Signs of Recovery?
From Realtor Magazine:
The number of home owners who were put on notice for defaulting on their mortgage payments dropped last month to the lowest level since 2006, RealtyTrac reports.
Meanwhile, foreclosure filings for the eighth straight month also were down as filings fell 33 percent in May compared to ...
Foreclosure Sales Account for 30% of Total Sales
From John Rebchook with Inside Real Estate News:
Foreclosures accounted for just under 30 percent of all Colorado home sales in the first quarter, according to a national report released today.The report by Irvine, Calif.-based RealtyTrac, showed that nationally, 27.5 percent of all home sales in the ...
Investors to Dominate Market for 2 Years
From Realtor Magazine:
Investors are expected to outnumber traditional home buyers three to one in the next two years, according to a national survey by Move Inc.
These investors also are ready to compete with traditional first-time home buyers to snag the best deals. About two-thirds of investors say they ...
Foreclosures Down in Denver Metro Area in March
From John Rebchook at In Denver Times:
Foreclosure filings in a dozen major counties in Colorado in March fell by almost 50 percent from March 2010, dropping to a 31-month low, according to a state report released today. The report by the Colorado Division of Housing shows that foreclosure filings ...
Fannie Mae Brings Back REO Buyer Incentives
From Inman.com:
Fannie Mae is once again offering closing-cost assistance for buyers who close on a home in the mortgage giant's real-estate owned (REO) inventory, but in most states will not bring back cash bonuses it previously paid to buyers' agents.
Buyers who put in initial offers on ...
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