"RealtyTrac" tag

CLARK: Real estate trends

RealtyTrac recently reported that 24.6% of single-family home and condo sales in May were cash transactions.

Getting worse before it gets better

In October there was a significant increase (15%) in foreclosure filings, a category that covers default notices, scheduled auctions and bank repossessions.

The benefits of affordability

Realtors in Greenwich are experiencing increased showings in certain price points and locations as this year comes to a close.

Home prices and interest rates

According to RealtyTrac, the median price of residential properties that includes distressed and non-distressed sales was $191,000. This is not only a 3% increase in July from June and an increase of 12% from where it was last year, it’s the highest level for home prices since September 2008.

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