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Of all home sold in the U.S. last year, 26 percent were foreclosures and short sales, according to a RealtyTrac report released on Thursday. That’s down slightly from 2009, but a jump compared to 2008.
In Illinois, RealtyTrac said 29,194 distressed properties were sold, accounting for 26 percent of all sales last year. Get the full story »
(AP Photo/David J. Phillip/file)
The number of foreclosed homes sold in Illinois during the third quarter fell sharply from the previous three months, but buyers who did enter the market were able to buy properties at prices more than 40 percent below the traditional market.
RealtyTrac reported Thursday that 6,844 foreclosed homes were sold in Illinois during the three months ended Sept. 30, a 24.34 percent from the second quarter. Still, sales of foreclosures represented almost 24 percent of all transactions.
The average foreclosed home selling price was $142,214 during the quarter, a 41.34 percent discount from the non-foreclosure average market price. Get the full story »
