According to CoreLogic, Of total sales in January REO accounted for 7.8 percent and short sales for 3.4 percent. The REO sales share was 2.9 percentage points below the January 2015 share and is the lowest for any January since 2007. The short sales share fell below 4 percent in mid-2014 and has remained in the 3-4 percent range since then. At its peak in January 2009, distressed sales totaled 32.4 percent of all sales, with REO sales representing 27.9 percent of the total.
CoreLogic said there will always be some level of distress in the housing market, and by comparison, the pre-crisis share of distressed sales was traditionally about 2 percent.
So we still have lots of room to go.Even though its down, its way above average so get out there
