Region 11: Though down from the 1st half of 2010, the share of distressed sales in Region 11 (Arizona, Colorado, Nevada, New Mexico, Utah, and Wyoming) rose from 39% in the 3rd quarter to 43% in the 4th quarter.  The shares for both short-sales and foreclosures rose over this time period.

184318_10150103247334184_73888294183_6064374_5216348_n

Region 12: A 51% majority of agents surveyed in Region 12 (Montana, Idaho, Washington, Oregon, and Alaska) felt that prices would decline over the next year.  However, roughly 49% expect prices to rise over this same period and with 3% anticipate an increase of 5% to 10%.  This discrepancy likely reflects disparate local economic conditions within Region 12.

180545_10150103247394184_73888294183_6064375_3927371_n

Region 13: Only 30% of homes purchased in Region 13 (California, Hawaii, and Guam) during the 4th quarter involved a down payment of 10% or more.  The largest share of buyers at 25% put down 1% to 2%, while 15% of buyers put down no money at all.

183247_10150103247454184_73888294183_6064376_309473_n

To see all reports, please click here: http://www.realtor.org/research/research/srs_rvpr

Advertisement