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REO Home Sales Share Lowest Since September 2007

CoreLogic is reporting that REO, distressed home sales accounted for 9 percent of homes sold nationally in August 2015, the lowest since September 2007. Distressed sales, which comprise real estate-owned properties (REOs) and short sales, accounted for 9.3 percent of total home sales nationally in August 2015, down 2.3 percentage points from August 2014 and …

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Corelogic: July 2014 Home Prices Increased 7.4% Year-Over-Year

Tuesday, CoreLogic reported that July 2014 national home prices increased by 7.4% year-over-year, and by 1.2% month-over-month. This marks the 29th consecutive month of year-over-year increases in the CoreLogic Home Price Index (HPI). Excluding distressed sales, home prices increased 6.8 % from July 2013 and were up 1.1% from the prior month. Including distressed sales, …

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