IRVINE, CA — RealtyTrac® (www.realtytrac.com),
the nation’s leading source for comprehensive housing data, today released its
November 2013 U.S. Residential & Foreclosure Sales Report, which shows that
U.S. residential properties, including single family homes, condominiums and
townhomes, sold at an estimated annual pace of 5,146,565 in November, a less
than 1 percent increase from a revised pace of 5,128,034 in October and up 10
percent from November 2012.
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| Daren Blomquist |
“The housing market recovery continued to be driven by
investors and other cash purchasers in November,” said Daren Blomquist,
vice president at RealtyTrac.
“Lenders are taking
advantage of this environment to unload more of their bank-owned inventory and
in-foreclosure inventory at the foreclosure auction.
“But as the backlog of distressed inventory available dries
up in many of the markets with the most efficient foreclosure processes —
namely California, Arizona and Nevada, with Georgia not far behind — overall
sales volume is declining and will continue to do so until more non-distressed
sellers enter the market.”
For a complete copy of the company’s news release, please
contact:
Jennifer von Pohlmann
PR Manager
Office: 949.502.8300 ext 139
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