Only 27% of MRIS sales are distressed

According to MRIS, in September 73 percent of homes sold in the region it covers were non-distressed (doing the quick math, that means 27 percent were either foreclosures or short sales).

That number is — comparatively, at least, very good. Las Vegas, for example, had just about the opposite numbers: only 27.1% of homes sold there were not distressed. Phoenix fared better (35.9% non-distressed), and Minneapolis as well (60.3% non-distressed), but the mid-Atlantic region certainly leads the pack.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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