Industry NewsMarkets & Economy

Foreclosures account for 28% of real estate sales in Q1

Average foreclosure discount is nearly 27%
Published on May 26, 2011

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by CareyBot

Foreclosure sales accounted for 28 percent of U.S. home sales in the first quarter, with those properties selling for nearly 27 percent less, on average, than homes not in the foreclosure process, data aggregator RealtyTrac said in a ...