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| Darren Blomquist |
IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s
leading source for comprehensive housing data, released its October 2014
Residential & Foreclosure Sales Report, which shows the median sales price
of U.S. single family homes and condos in October was $193,000, up 2 percent
from the previous month and up 16 percent from a year ago to the highest level
since September 2008 — a 73-month high.
“This U.S. recovery is largely being driven by investors,
and as the lower-priced, often distressed inventory most appealing to investors
dries up in a given market, investor activity will slow down in that market and
move to other markets with more ideal inventory available,” said Daren
Blomquist, vice president at RealtyTrac.
“This has created a ripple-effect recovery moving out from
traditional investor hot spots such as Phoenix, Atlanta and many California
markets and into markets such as Charlotte, Columbus, Ohio, Dallas and Oklahoma
City.”
For a complete copy of the company’s news release, please
contact:
Jennifer von Pohlmann
949.502.8300949.502.8300, ext. 139
