Quick Takes: Distressed properties made up smaller share of home sales in 2011

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Distressed properties—foreclosures and short sales—accounted for about 23 percent of total U.S. home sales in 2011, the smallest share since 2008, according to the latest RealtyTrac report released today. Read more in The Washington Post.

Solid economic growth
The Federal Reserve reported solid growth in its 12 banking districts, including Chicago, which saw increased business spending, increased manufacturing output and increased construction activity, particularly in apartment construction. Find highlights in the Belleville News-Democrat.

 Appraisals still a sticking point
Appraisals, and the process for how they are determined, can often be an issue in home sales, as this article in the Belleville News-Democrat points out.

This entry was posted in Consumer Information, Housing Market by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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