- The percentage of Existing Home Sales that are foreclosures has increased in recent months as foreclosures work their way through the pipeline of distressed homes.
- Distressed sales were reported at 40 percent of total Existing Home Sales in the latest REALTORS® Confidence Index Survey, up from the low 30 to 35 percent range during much of last year.
- The numbers indicate that the market is absorbing a significant number of foreclosures and short sales that have been initiated over the past few years.
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