ALERT: Distress Claims 40% of Existing-Home Sales

Sales of previously owned homes rose 3.7 percent last month as the spring buying season began to take hold, according to data just released by the National Association of Realtors. The trade group described March’s reading as “continuing an uneven recovery,” following the 9.6 drop recorded in February. Distressed homes – typically sold at discounts in the vicinity of 20 percent – accounted for a 40 percent market share in March.

Deborah Bremner
The Bremner Group at Coldwell Banker
REALTOR, 00588885,
(O) 310-571-1364 DIRECT
(D) (310) 800-2954
Accredited Buyer Representative | Certified Distressed Property Expert | Pre-Foreclosure Specialist Certified

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