Sources of REALTOR.org reports say that distressed properties accounted for 29 percent of all U.S. home sales in January. Additionally real estate-owned sales rose to 22 percent of homes sales from 19 percent in December, and short sales rose to 8 percent from 7 percent. The article also goes into average home pricing for distressed sales versus non-distressed sales. This is one sign investors are coming back into the market which could lead one to believe that we are at or near bottom.
Resource: REALTOR.org.
