Our good friend Forrest Barbee puts together the following data.
The top chart shows Closed Transactions by type (Traditional, REO or Short Sales),
we are getting back to a "Normal Market" with less than 15% bank involved sales.
SFR (Single Family Residence) Sales Prices have recovered nicely,
but still are well below the Bubble prices.
And Closings by Sold Terms, meaning how Buyer purchased,
the Cash Buyers (investors) that dominated our market a few years ago are being out bid
by Buyers getting financing (mostly owner occupants) these days.
No comments:
Post a Comment