Foreclosures Make Up 24% of Home Sales | Savvy Investor
Oct 01, 2010
Foreclosed homes accounted for 24% of all residential sales in the second quarter of the year, according to the latest data from RealtyTrac, a firm that monitors the foreclosure market.
A total of 248,534 U.S. properties in some stage of foreclosure — default, scheduled for auction or bank repossession — sold to third parties in the second quarter. While this represents an increase of nearly 5% from the previous quarter, the figures are down 20% from the same time last year.
via Foreclosures Make Up 24% of Home Sales | Savvy Investor.
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