Foreclosures increased in Q2, accounted for 24% of sales

09/30/2010 | USA Today

The rate of foreclosures accelerated in the second quarter, with foreclosure sales accounting for 24% of all residential sales nationally and almost half of all sales in several states. Foreclosures also drove down prices, as a home in foreclosure sold at more than 26% below the price of a home not in foreclosure.

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