Distressed Properties Make Up 50% Of Total Home Sales

The Campbell / Inside Mortgage Finance Monthly survey for February 2010 revealed that almost 50% of home sales come from distressed properties. Distressed properties are houses that are either listed in foreclosure or short sale. If we will trace back the findings in November 2009, distressed properties comprised 37% of the total home purchases. In a matter of 3 months, what could have caused the sudden spike? And more importantly, how will this affect real estate investors? Click Here or click the image to read the rest of this article.

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