Distressed home sales drop to nine-year low in Q3

Cash Sales Share Also at Nine-Year Low of 25.9 percent;

Median Home Prices at New All-Time Highs in 40 Percent of 118 Local Markets Analyzed;

Q3 2016 Home Sellers Realized Average Home Price Gain of $43,000, a Nine-Year High

A new report from ATTOM Data Solutions for the third quarter shows that distressed sales — including bank-owned (REO) sales, sales of homes actively in foreclosure, and short sales — accounted for 12.9 percent of all U.S. single family home and condo sales in Q3 2016, down from 15.0 percent in the previous quarter and down from 15.9 percent in Q3 2015 to the lowest share of distressed home sales since Q3 2007, when distressed sales accounted for 12.3 percent of all home sales.

The peak in share of distressed sales was Q1 2009 at 43.9 percent of all U.S. single family home and condo sales.

The report also shows that all-cash purchases accounted for 25.9

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