96
PARTING SHOT
WRAP YOUR HEAD AROUND THE MARKET'S LEADING INDICATORS
96
DS News tracks the latest and most relevant industry
surveys and data to keep you in the know. REO properties
and foreclosure sales have been on the decline nationwide
for a few years, but the numbers remain elevated in some
markets. This month, let's take a look at the 10 core-based
statistical areas (CSBAs) with the highest share of REO sales
as a percentage of total residential home sales. Each CBSA
had a minimum of 500 REO properties sold over a three-
month period from mid-December to mid-March.
HERE ARE THE TOP 10
Areas for REO Sales Share
Source: Protek Valuation Services
ATLANTIC CITY-HAMMONTON, NEW JERSEY
HAGERSTOWN-MARTINSBURG, MARYLAND-WEST VIRGINIA
ROCKFORD, ILLINOIS
ROCHESTER, NEW YORK
MOBILE, ALABAMA
BIRMINGHAM-HOOVER, ALABAMA
MEMPHIS, TENNESSEE-MISSISSIPPI-ARKANSAS
BALTIMORE-COLUMBIA-TOWSON, MARYLAND
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS,
VIRGINIA-NORTH CAROLINA
TAMPA-ST. PETERSBURG-CLEARWATER, FLORIDA
37.1%
30.1%
25.9%
23.9%
23.9%
21.8%
21.4%
20.9%
20.7%
20.6%
