Distressed Property Sales Made Up 43% of All Residential Property Sales in 2012

RealtyTrac’s Year-End and Q4 2012 U.S. Foreclosure & Short Sales Report this week showed that while distressed property sales decreased by 6% in 2012 from 2011, and were down 11% from 2010, they made up 43% of all residential property sales during the year. The report indicated that “foreclosure related sales accounted for 21 percent of all U.S. residential sales during the year” while properties sold as short sales accounted for 22%. Foreclosure related sales were down by 23% compared to 2011 and were down 28% compared to 2010. But, short sales peaked in the fourth quarter of 2012 and were 17% greater than the fourth quarter of 2011.  http://bit.ly/ViDIcu

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