Stacie Hartman

The Mortgage Blog of Stacie Hartman

Foreclosures Nearly A Quarter of 2nd Quarter Sales

Foreclosed homes accounted for 24 percent of all residential sales in the second quarter of 2010, according to RealtyTrac’s Q2 U.S. Foreclosure Sales Report. Rick Sharga, RealtyTrac’s senior vice president, said the volume of activity was what is needed for the market to heal because the more distressed properties that are sold the quicker housing recovers. There were 248,543 properties in some stage of foreclosure sold in the second quarter, an increase of nearly 5 percent from the previous quarter. More here, here, and here.

Advertisements

Filed under: Uncategorized, , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: