Industry NewsMarkets & Economy

10 states with highest rate of foreclosure sales

Report: Short sales on the rise as REO sales slide in Q4
Published on Mar 1, 2012

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by CareyBot

Distressed sales accounted for nearly a quarter of all U.S. home sales in the last three months of 2011, with an increasing share made up of short sales, according to a report from foreclosure data firm RealtyTrac released today.

Sales of homes in some stage of foreclosure or bank-owned made up 23.7 percent of sales overall last quarter, down from 26.4 percent in fourth-quarter 2010, though up from 20.4 percent in third-quarter 2011.

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