Distressed Sales Fall

Distressed Sales Fall

Investors Increase Short Sale Activity:

 In April, the share of sales involving foreclosures and short sales maintained their downward path, falling to the lowest level since 2009, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking survey.

Using a three-month moving average, the survey found distressed sales accounted for 33 percent of home purchases in April, a decrease from 35.6 percent in March and 43.6 percent in April 2012. The figure for April is the lowest level since the HousingPulse survey began accumulating data on such properties in 2009. Read more ....