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Foreclosures Steady So Far This Year

RealtyTrac, the leading online marketplace for foreclosure properties, released its most recent foreclosure sales report that shows that properties in some stage of the foreclosure process made up almost a third of property sales in the first quarter of this year.

By David Morrison | Updated on June 05, 2011

RealtyTrac, the leading online marketplace for foreclosure properties, released its most recent foreclosure sales report that shows that properties in some stage of the foreclosure process made up almost a third of property sales in the first quarter of this year.

The firm reported that bank-owned homes and those in some stage of foreclosure accounted for 28% of all U.S. residential sales in the first quarter of 2011, up slightly from 27% of all sales in the fourth quarter of 2010 and the highest percentage of sales since the first quarter of 2010, when 29% of all sales were foreclosure sales.

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