posted
Jul 13, 2010 by REI News
, / PRNewswire / -- New foreclosure, the principal houses of exclusion for sale lists and information, announced today that 31% of all residential properties sold in the first quarter of 2010 were in foreclosure properties . According to experts, business statistics show that people continue to address the foreclosure of the market as a rich source of affordable housing.
During the first quarter, foreclosures accounted for over 50% of home sales in California and Arizona. Foreclosure Homes represented at least 33% of home sales in Florida, e. According to statistics, home foreclosure sales are up 25% from 2008-2009, and more than 320% since 2007.
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