Much of the improvement comes from rising home prices,
though foreclosures and short sales have contributed some to the decline.
Not exact matches
One little piece of information,
though, seemed to me extremely relevant —
and under - reported: This past January saw more
short sales close nationally than
foreclosures.
Projections for 2014 are that there will be very few
foreclosures and fewer
short sales home as values continue to increase,
though at a much slower rate than early in 2013.
One little piece of information,
though, seemed to me extremely relevant —
and under - reported: This past January saw more
short sales close nationally than
foreclosures.
Here in Florida, more
and more deficiency judgment collection efforts are being pursued by lenders
and debt collectors, even
though the associated
foreclosure or
short sale happened several years back.
Prior to this legislation, Federal law always considered the difference between the
sales amount on the
foreclosure and the mortgage balance, or the amount negated in a mortgage loan modification or
short sale, as income, even
though the Florida home owner never saw any dollar bills in the palm of their hand.
While
sales of distressed properties —
foreclosures and short sales — have shrunk since the first of the year, a surge in
sales of «normal» non-distressed properties has pushed total home
sales through June 4.5 percent higher than last year even
though buyers face tight credit
and low inventories.
There are fewer
foreclosures and short sales available,
though still many more in this market than in previous years.
Of course,
though this number compares favorably to neighboring counties, it is still quite high when you compare it to the same time last year, when
short sales and foreclosures made up only 8 % of all
sales in the county.