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.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email:
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 155978705 -
Gray Television, Inc.