A large part of market activity is from first time homebuyers using FHA loans and investors. This is not a healthy market. The percentage of foreclosure resales has decline to 39.1 percent – still very high historically.
Read more from the original source:Â
Calculated Risk: DataQuick: SoCal Home Sales Increase in November
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Tags: 39-1-percent, FHA, FHA Foreclosure, from-first, housing, housing-bottom, HUD, insurance claim, interest rates, large portion, market-activity, still-very
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