Even in a market of rising prices and buyer competition here in Connecticut, the rate of short sales and REO sales (bank owned foreclosed property) rise in 2019...
As short sales stayed at the same 2% rate we've seen for the last three years, sales of foreclosed homes rose to 12% so far in 2019:
Even in today's improving market, one in every seven home sales in Connecticut is still a foreclosure or short sale.
Recovery in Connecticut has been slow, still leaving many with negative equity. There are options for those who need to sell, but still owe more than their homes are worth.
Last Updated on May 18, 2021 by Minna Reid