Tag Archives: Short Sales and REO Transactions

"Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation," said NAR Chief Economist Lawrence Yun.

According to the March 2015 CoreLogic Home Price Index (HPI), home prices, including distressed sales, have increased by 5.9 percent in March 2015 in comparison with March 2014. Short sales and REO transactions are both included in distressed sales.