How Many Sales Were Foreclosures?

Posted on August 24th, 2010 in Market Conditions, Short Selling/Buying.

The new July numbers say the market data truth is that distressed home sales accounted for 32 percent of July’s transactions; they made up 31 percent in July 2009.

Yes 31 percent only.

It seems to be more from where I stand in Chicago .

First-time buyers purchased 38 percent of homes last month, down from 43 percent the month prior. Investors accounted for 19 percent of sales, with all-cash purchases rising from 24 percent in June to 30 percent in July