Relevant:
- CoreLogic: Home Prices Show Largest Annual Increase in Nearly Seven Years
- Short sale dynamics -- short sales recorded the highest number of transactions in three years during the first part of 2012. What data do we have on short sales with second mortgages?
- Short Sales Higher, Prices Lower
- Discounted Foreclosures Account for 25% of Home Sales in Third Quarter
- Vancouver Housing Market Implodes: Average Home Price Plunges 20% In 1 Month
2012-11-01 — mortgagenewsdaily.com
...
Competition has led to higher prices and 41 percent of homes sold at the asking price, the highest portion since 2005 and up from a long-run average of 32 percent. Homes also sold faster with market sales taking 32 days on average compared to 67 days in 2011 and REOs in 30 days compared with 50 days last year. Short sales still take longer than other sales because of the complexity of the process but the number has been cut to 90 days from 141.
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