Thursday, December 2, 2010

Distressed Homes 25% of Third-Quarter Sales: RealtyTrac

New data released by RealtyTrac Thursday shows that distressed homes - including those in default, scheduled for foreclosure auction, and REO - accounted for 25 percent of all U.S. residential sales during the third quarter. These properties sold at an average of 32 percent below the price of their non-distressed counterparts. The company tracked 113,933 REO sales during the July to September period and 74,815 pre-foreclosure, typically short sale, transactions.

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