2010-12-02 — mortgagenewsdaily.com
"Homes that have been foreclosed or are in the process of foreclosure represented 25 percent of all home sales in the country during the third quarter of 2010 according to the quarterly U.S. Foreclosure Sales Report™ released by RealtyTrac on Thursday...
The volume of sales, however, is not the only measure of the impact of foreclosed homes on the real estate market. Distressed homes sold, on average, at a 32 percent discount from the sales price of homes not involved in foreclosure."
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