RealtyTrac: One in four sales is a foreclosure (and that’s down from last year)

Quoth CNN: “Homes in some stage of foreclosure accounted for nearly one in four homes sales during the fourth quarter, according to RealtyTrac.”

But that’s down a teeny bit from 2011, when it was 26 percent.

And more and more, banks are turning to short sales to get rid of their inventory.

Oh, heck, just click here to read the whole story.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
This entry was posted in The Buzz. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *