Survey Finds Short Sales Outnumber REO in January Purchases

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Housing Wire – "Survey Finds Short Sales Outnumber REO in January Purchases" (2-22-10) "Short sales accounted for 15.9% of home purchases in January, surpassing the share of other distressed property activity, when real estate owned (reo) properties are measured separately, according to a monthly Campbell/Inside Mortgage Finance (IMF) survey of more than 1,500 real estate agents, conducted by Campbell Surveys."

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Sherry Fields – Page 7 – Sherry Fields Real Estate – Approximately 1/3 of my short sale transactions are qualified for the cash for keys program," commented a real estate agent in Virginia. Related articles. Why the housing recovery remains a long way off (cbsnews.com) Short sales now outnumber foreclosures, tides are turning (agbeat.com)

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The share purchases taken up by short sales surpassed the share of move-in-ready REO purchases (13.8%) and damaged REO (13.4%). Survey Finds Short Sales Outnumber REO in January Purchases Sign In