Cities with the Most Homes in Foreclosure - 24/7 Wall St.
In the second quarter of 2012, there were 986,355 completed home sales across the United States, according to
RealtyTrac. Of those, 22.8% were “foreclosure sales,” which means that
homes were either actively in default and in the foreclosure process, or
the home already had been foreclosed and belonged to the bank
at the time of the sale. While the average price of a nonforeclosure
sale was $249,090, the average price of a foreclosure sale was $170,040,
a 31.8% discount.
No comments:
Post a Comment