Short Sales Soar in Second Quarter

IRVINE, CA – August 25, 2011 – (RealEstateRama) — RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure homes, today released its Q2 2011 U.S. Foreclosure Sales Report™, which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 31 percent of all U.S. residential sales in the second quarter of 2011, down from nearly 36 percent of all sales in the first quarter but up from 24 percent of all sales in the second quarter of 2010.


More info...

SHARE
Avatar

RealtyTrac is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data. Hosting more than 3 million unique monthly visitors, RealtyTrac provides innovative technology solutions and practical education resources to facilitate buying, selling and investing in real estate. RealtyTrac’s foreclosure data has also been used by the Federal Reserve, FBI, U.S. Senate Joint Economic Committee and Banking Committee, U.S. Treasury Department, and numerous state housing and banking departments to help evaluate foreclosure trends and address policy issues related to foreclosures.

Contact:

Michelle Sabolich
Phone: 415- 402-0230

RealtyTrac Inc. 
One Venture Plaza, Suite 300
Irvine, CA 92618

Phone: 877-888-8722 U.S.
International: 00+1-877-888-8722

Previous articleAffordable Housing Construction Key to Jobs Growth, Economic Stimulus
Next articleHUD CHARGES NEW YORK CO-OP AND TWO OF ITS EMPLOYEES WITH DISCRIMINATING AGAINST TENANT WITH DISABILITIES