Short Sales Bounce Back, Bank-Owned Stay Low

Time to take look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In June 2012 9.4% of the sales of single-family homes in King County were bank-owned. In June 2013 that number was just 5.7%. We’ve now matched the low of 5.7% set in November. Short sales bounched back […]

Can Banks Seek Deficiency Judgment in Washington State?

Over the weekend the Washington Post published a story about former homeowners who find themselves owing money on a home they lost to foreclosure years earlier: Lenders seek court actions against homeowners years after foreclosure. It’s a process called “deficiency judgment,” and it’s not really news to anyone who has paid attention to housing over […]

Distressed Sales Hit Lowest Point in Over Four Years

Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In May 2012 12.9% of the sales of single-family homes in King County were bank-owned. In May 2013 that number was just 6.4%. We’re still a little bit above the low of 5.7% set in November, but […]

Bank-Owned Sales Inched Down Again in April

Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In April 2012 15.2% of the sales of single-family homes in King County were bank-owned. In April 2013 that number was just 6.8%. The low point of the last few years was 5.7% in November. I wouldn’t […]

Distressed Sales Tumbled in March

Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In March 2012 20.1% of the sales of single-family homes in King County were bank-owned, just a few points below the highest level on record. In March 2013 that number was just 7.7%. As predicted, after bumping […]

Distressed Sales Bump Up Again in February

Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In February 2012 22.8% of the sale of single-family homes in King County were bank-owned, the highest level on record. In February 2013 that number was just 9.5%. This represents a slight increase from January, but if […]

Distressed Sales Finally Saw a Winter Spike in January

Let’s take another look at what share of the monthly sales are being taken up by bank-owned and short sales. In January 2012 22.3% of the sale of single-family homes in King County were bank-owned. In January 2013 that number was just 9.3%. Although the number is much lower than it was a year ago, […]