Brian Buffinis Real Estate Report

Page 3

DIstResseD PRoPeRtIes

PRICe InFoRMatIon
Median price of a new home purchased Median price of an existing home purchased

5-year low
REO PROPERTY COMPARISON: In 2009:

As of October 2012, foreclosures were at a

$232,000

$179,900

670,000
In 2012:

National year-over-year price gains picked up steam in December, coming in at

4.9%

500,000

of home sales in 2012 were REOs and short sales

33%

Through 2013 national home prices are forecasted to

In 2012, the median price of new and existing homes

rose

20%
Average price discount on a foreclosure

16%
Average price discount on a short sale

grow by

5%

2.1%

SOURCES: NATIONAL ASSOCIATION OF REALTORS, CLEAR CAPITAL, MARKET WATCH, CNNMONEY, RISMEDIA SOURCES: ??