RISMedia released the results of its annual Power Broker survey today. The survey found that there was an increase in the number of overall sales transactions by over 100,000 in 2009 compared to 2008; however, the dollar volume was down by $163 billion.
“These numbers clearly reflect the increasing sales of distressed properties last year,” states RISMedia. “While the market is still rife with troubles, such as short sales, foreclosures and underwater homeowners—and stands to be for the remainder of 2010—the positive signs cannot be denied and most agree that we’ve bottomed out and are beginning a slow climb back up.”
The report also includes statements from brokers around the country.