Short sales are on the decline, as home prices inch up and more home owners stay current on their mortgages. Daren 
Blomquist, vice president at RealtyTrac, says short sales started to trend lower in the second half of 2013. Four percent of December sales were short sales, selling for an average discount of 13 percent below market value, according to the National Association of REALTORS®’ latest existing-home sales report. While these types of purchases sound like a great deal, due to the lower price, many times buying a foreclosed or short sale house can be difficult and lengthy processes.
Blomquist, vice president at RealtyTrac, says short sales started to trend lower in the second half of 2013. Four percent of December sales were short sales, selling for an average discount of 13 percent below market value, according to the National Association of REALTORS®’ latest existing-home sales report. While these types of purchases sound like a great deal, due to the lower price, many times buying a foreclosed or short sale house can be difficult and lengthy processes.
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