Recent news is looking better for housing — New Home Sales up in January, existing home sales solid, housing starts almost touched 700,000 units and the National Association of Home Builders index rose. Other economic news looking better as initial unemployment claims staying around 350,000 well below recession warning level of 400,000 and University of [...]
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Quarter of all 4th Quarter Home Sales Were in Foreclosure
Realty Trac’s 2011 Foreclosure sales report reveals that 24% of home sales in the 2011 4th quarter were in some stage of foreclosure or bank-owned properties. These sales totaled 204,000, down 8% from the third quarter and down 2% from the 2010 fourth quarter. For all of 2011, foreclosure and bank-owned sales totaled 907,100, down 2% [...]