Distressed Sales Accounted for 8% of Homes Sold in May

by Maureen Laupp | Sep 2, 2016 | Uncategorized

Distressed Sales Accounted for 8% of Homes Sold in May

By Brad Beckett on August 31, 2016 Data

Digging deeper in to May’s sales numbers, Corelogic finds that distressed sales (including REO & short sales) accounted for 8.4% of total home sales nationally in May 2016, down 2.1 percentage points from May 2015 and down 1 percentage point from April 2016. Breaking that down further, REO sales accounted for 5.4% and short sales accounted for 3% of total sales. The REO sales share was the lowest for the month of May since 2007. The short sales share fell below 4% in mid-2014 and has remained in the 3-4 percent range since then.

Key takeaways:

Of total sales in May 2016, distressed sales accounted for 8.4% and real estate-owned (REO) sales accounted for 5.4%
The REO sales share was 22.5 percentage points below its peak of 27.9% in January 2009
Distressed sales shares fell in most states, including the oil markets

Click here to read the full story on Corelogic.com.

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What Will Be Covered
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4. Getting You Connected
5. Reducing Mistakes
Jumping Right In!
1. Getting in the Right Mindset to Succeed
2. Top 5 Success Factors
3. Separating Fact from Myth
4. Understanding Different Investing Strategies
Education: Spending Your Dollars Wisely
1. Education You Need Versus Unnecessary Education
2. Mentors: What You Need to Understand Before Spending Your Money
It’s All for Nothing if You Don’t Do a Deal
1. Finding Deals
2. Getting Money for Deals
Tools for Success
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Naturally we can help you more if you are an AZREIA member, but there are several things you can do as a non-member.

1. Take our FREE Entrepreneurial Self Assessment. This first step of our Launch Pad program helps you better understand your suitability for Real Estate Investing. It takes about 20 minutes to complete. [CLICK HERE to take the Entrepreneurial Self Assessment]

2. View the Success Factors videos. This free one-hour, six-part video series (CLICK HERE to view) covers several important topics for new investors:

- What Will Be Covered – Goal Setting, Getting You Started Quickly, Taking Months Off Your Ramp Up Time, Getting You Connected, Reducing Mistakes
- Jumping Right In! – Getting in the Right Mindset to Succeed; Top 5 Success Factors; Separating Fact from Myth; Understanding Different Investing Strategies
- Education: Spending Your Dollars Wisely – Education You Need Versus Unnecessary Education; Mentors: What You Need to Understand Before Spending Your Money
- It’s All for Nothing if You Don’t Do a Deal – Finding Deals & Getting Money for Deals
- Tools for Success – Building Your Team & Leveraging the Market Update
- Time to Get Started! – Look Out!; Your Next Steps

3. Take a Launch Pad session. This is free for members, but it is available to non-members for a fee on a space available basis. Launch Pad is a planning process when completed provides most new investors with the following:

- Your Optimal Investing Path
- Your Preferred Property Type
- Your Property Acquisition Plan
- Your Funding Plan
- Your Educational Plan
- Your Team Building Plan
- Your Networking Plan
- Your Beginning Timeline

I’m sure you noticed that each one of the above eight items begins with “Your”. That is because every investor is different. Your needs are unique to you, so your plan needs to be specifically designed to meet those needs. Also, your plan should fit in with your current life situation.

Register for the next available Launch Pad session: VIEW CALENDAR

4. Attend AZREIA meetings as a guest. There is a reasonable guest fee which is discounted if you register online.

- The Market Update is presented at our Monthly Meetings, so you are able to receive this valuable information. (Only members may download and use the charts and data.)
- You may meet AZREIA Business Associates in the Tradeshow during our Monthly Meetings. This will give you access to exceptional product and service providers that successful real estate investors use.
- Networking at our Monthly Meetings is unsurpassed. As a non-member you may take full advantage of this opportunity.

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