In yet another sign the housing market is strengthening, the number of distressed sales (foreclosures and short sales) has declined dramatically. Moreover, short sales now generally outnumber foreclosures in most cities, a far cry from the situation just last year. Even if existing home sales don't increase much in 2013, the fact that distressed sales are being largely replaced by conventional sales means the market is on the mend.
Article written by Elliot F. Eisenberg, Ph.D.
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