Sarasota Real Estate Market News

Foreclosures made up 31% of home sales in second quarter

Foreclosures made up roughly one-third of all home sales in Florida and the rest of the nation this spring. While that’s a smaller share of sales from the previous quarter, it’s six times the percentage of foreclosures in a healthy housing market. 

Foreclosure sales, which include homes purchased after they received a notice of default or that were repossessed by lenders, accounted for 31 percent of the market in the April-June quarter, foreclosure listing firm RealtyTrac Inc. said Thursday.

Read more HERE

 

August 28, 2011 - Posted by | Uncategorized

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