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You don't have to look very far these days to find signs of recovery in the nation's real estate markets. Certainly, the numbers on home prices have been steadily retracing their steps back up from the depths of the crisis. And much of this is due to the fact distressed sales have become a less dominant share of overall property sales.
If you look at the data provided to Mortgage Banking by CoreLogic in our Marketrac® section, you will find stark evidence of the declining share of distressed sales. In the June 2012 issue, Las Vegas topped the list of markets with the highest share of distressed sales at 55.63 percent, based on February 2012 data.
One year later, Marketrac data shows that the Las Vegas market is still the market leader with the highest share of distressed sales, but the share has...