US DATA: RealtyTrac releases its Q2’10 U.S. Foreclosure Sales
Report, which shows that foreclosure homes accounted for 24% of all
residential sales in Q2 2010. A total of 248,534 U.S. properties in some
stage of foreclosure sold in Q2, +4.8% vs Q1, -20% vs Q2 2009.
Bank-owned property sales +3% vs Q1, -28% vs Q2’09. REO sales nearly 15%
of all sales in Q2. 97,244 pre-foreclosure properties in default or
scheduled for auction sold in Q2, up nearly 8% vs Q1 but -3% vs Q2’09.
Pre-foreclosure sales accounted for 9% of all sales, down from nearly
12% of all sales in the previous quarter. More on MNI Main Wire.