Only 29% of Home Sales in the US are in Distress

This report came as a bit of surprise to me. I thought that at least 50% of the properties down south are selling because they're bank owned or in foreclosure. That, apparently, is not the case.

According to this “Distressed Home Sellers Report” released by First American CoreLogic just this month, only 29% of home sales are distressed properties.

What this tells me is that there're lots of room for negotiations DIRECTLY with home owners - a much easier negotiation process than with the banks!