Foreclosure homes for sale at rock-bottom prices

To ensure you continue to receive e-mails from us, please add realtytrac@realtytrac.com to your address book today. The Foreclosure Authority™     Foreclosure prices continue climb The average price of properties in foreclosure (short sales) or bank owned (REO) increased 4 percent on a year-over-year basis in the fourth quarter of 2012 — the third consecutive quarter with an annual increase after average foreclosure prices hit bottom in the first quarter of 2012. But foreclosure properties still represent great bargains, selling at an average price that was 31 percent below the average price of non-distressed properties. Now is your chance to buy a bank-owned or short sale home near the bottom of the market while prices are on the upswing. Start a FREE search now! Markets with biggest price increases Average foreclosure prices increased annually in 59 of the nation's 100 largest metro areas, meaning foreclosure prices have bottomed out in many local markets across the country. Here are the top 10 markets with average foreclosure discounts of at least 20 percent where prices increased the most: Metro Area YOY price increase Foreclosure Discount Youngstown, OH 27% 38% Phoenix, AZ 26% 21% Rochester, NY 25% 29% San Jose, CA 21% 36% San Francisco, CA 17% 44% Oklahoma City, OK 17% 29% San Diego, CA 14% 26% Chattanooga, TN 14% 40% Bridgeport, CT 13% 53% Cape Coral-Fort Myers, FL 13% 32%   Follow us on: Facebook Twitter

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