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Online marketplace of foreclosure properties, RealtyTrac, in its first U.S. Foreclosure Sales Report, revealed Wednesday that first-quarter foreclosure homes contributed nearly a third of all U.S. residential sales. In the corresponding quarter last year, foreclosure homes accounted for 37% of all residential sales. The average distress sales price was $171.97 thousand.

Foreclosured Mortgages

Foreclosure Homes Account for 31 Percent of All Residential Sales in First Quarter 2010, According to RealtyTrac

RISMEDIA, June 30, 2010RealtyTrac, one of the leading online marketplaces for foreclosure properties released its first U.S. Foreclosure Sales Report, which shows that foreclosure homes accounted for 31% of all residential sales in the first quarter of 2010, and