RealtyTrac, the leading supplier of U.S. real estate data, today released information on the best places to buy bank-owned homes and the best places to buy short sales.
Palm Bay, Daytona Beach, Pensacola and Sarasota, Florida, are among the top 15 markets for buying bank-owned homes in 2013.
No Florida market is identified in the top 15 for buying short sales in 2013, according to RealtyTrac.
The California-based company, analyzed data from the RealtyTrac Foreclosure & Short Sales Report from the fourth quarter of 2012 in more than 900 metro areas nationwide, to determine the top 15 markets for buying bank-owned homes in 2013 and the top 15 markets for buying short sales in 2013.
“Short sales are on the rise as a better alternative to foreclosure in many areas — good news for buyers and investors in markets where short sales are closing more quickly at solid discounts,” said Daren Blomquist, vice president at RealtyTrac. “But buying from the bank may still be a better option in other markets because of increasing REO inventory, deeper discounts and shorter times to close.”
To see the best markets for buying short sales and bank-owned homes, click on the links below:
Best Markets for Buying Short Sales: http://public.tableausoftware.
Best Markets for Buying Bank Owned: http://public.tableausoftware.
