Foreclosures accounted for 19.44% of all residential sales in the third quarter of 2010, according to a market analysis released this morning.
That figure is slightly less than the national average of 24.89%, said RealtyTrac in its quarterly U.S. Foreclosure Sales Report.
Statewide and nationally, foreclosures fell about 25 percent, at least in part due to suspension of foreclosures by banks as they worked out flaws in their foreclosure processing.
In Greenville, foreclosures fell by 15 percent. Spartanburg rose by 6 percent. The average discount on the sales price for a foreclosure in South Carolina was 27 percent.
Read the entire report in GSA Business by clicking here.
The Home Builders Association of Greenville are your neighbors and community leaders providing education and support for building industry professionals. We create jobs, encourage homeownership, and promote responsible growth throughout the upstate of South Carolina.
No comments:
Post a Comment