Industry NewsMarkets & Economy

Survey: Foreclosures seen as bargains

Renters, parents, younger buyers most enthusiastic
Published on May 21, 2009

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by CareyBot

A growing number of would-be homebuyers see foreclosed homes as bargains and are willing to consider purchasing one, according to an online survey conducted by Harris Interactive for Trulia Inc. and RealtyTrac Inc.

Among the 2,397 adults surveyed between May 1-5, 40 percent said they would expect to pay at least 50 percent less for a foreclosed home, compared to 31 percent of those surveyed in a previous survey in November.

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