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Published News » Economy

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Foreclosures made up 20% of U.S. home sales in 3Q - Jan. 26, 2012

Posted by admin (#1247) 27 days ago (http://money.cnn.com)

Category: Economy

NEW YORK (CNNMoney) -- Sales of homes in foreclosure comprised 20% of all U.S. residential sales during the third quarter, according to RealtyTrac.

That share is a significant decline from the same period in 2010, when foreclosed homes made up 30% of residential sales, but it's still a far cry from levels seen during healthier housing markets when foreclosures comprised less than 5% of sales. Read More...

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