Sales Pace
So How Dumb Is It To Own a House If Almost One-Third of all US Home Sales are Distressed Properties?
Looking at the U.S. housing market, sales of bank-owned properties accounted for 28% of all U.S. residential sales in quarter one of 2011. That’s worse than last year by one percentage point, and up from 27% in the fourth quarter. This from RealtyTrac in its 1Q 2011 survey. The California-based foreclosure data firm says the…
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