Homes in foreclosure make up big part of the housing market

Homes in some stage of the foreclosure process are making up a larger portion of the U.S. housing market.

Foreclosure sales in the first quarter of 2012 made up 26 percent of all home sales according to the foreclosure listing service Realty-Trac.

The increase is being driven by a spike in short sales, which are homes that sell for less than what the owner owes on their mortgage.


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