Distressed sales rebound in the us

The number of distressed sales of US homes increased by 0.7 per cent in August 2015, despite the market's ongoing recovery amid an improving economy. Quarterly distressed saturation rose to 16.1 percent.

"While we are closer to historic, pre-2008 rates of distressed saturation which hovered around 4 percent of all sales, increases in distressed activity leading into winter could shift momentum towards peak distressed saturation levels of 40 per cent," notes Clear Capital's latest report.

"Typically, we see distressed saturation fluctuate with the seasons and increase in the winter season. The West’s and Midwest’s distressed saturation rates have exceeded that of the nation, increasing by 0.9 per cent and 1.2 per cent, respectively, while we observe the largest gains in distressed saturation in the South, with a 1.5 per cent increase from 18.6 per cent to 20.1 per cent. The Northeast was the only region to experience a decrease in distressed saturation, where rates dipped 0.3 per cent from 14.3 per cent to 14 per cent."