|  | | | | | VISIT REALTYTRAC | | | | Foreclosures are Becoming More Rare, but Still a Good Deal | | | The is no doubt foreclosures are quickly returning to historically normal levels. RealtyTrac's July Foreclosure Report shows foreclosure activity down from a year ago for the 46th consecutive month. However, there are still more than 109,000 properties with foreclosure filings for the month- demonstrating that even at historically normal levels there are still many distressed homeowners facing foreclosure.
Despite being more rare, foreclosures still represent some of the best deals available in the market. In July, the median sales price of a property in foreclosure or bank owned was $76,000 below the median price of a non-distressed property - a 37 percent discount! Even back in the last housing boom, foreclosures represented the best deals. In 2006 before the bubble burst, foreclosures were selling at an average discount of 25 percent. | | | | Start searching for your bargain dream home today or, better yet, get free premium unlimited access for a week with our 7-day trial. | | | | | | | | | | | | | | | RealtyTrac Video of the Week | | | | July Foreclosure Report by Vice President Daren Blomquist | | | | Click to Watch Now! | | | | | | | | | | | | | Average National Foreclosure Savings: $60,000! Join the Group. | | | | Let RealtyTrac help you save thousands off your next home. Our Membership Services team can save you (up to 60%) off a pre-paid membership. Don't wait, CALL US TODAY! Offer available by phone only. | | | | Call Us: 800-905-5074 | | | | | | | | |
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