search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanVictor Sigoura picks up site of failed West Chelsea condo for $87MVictor Sigoura picks up site of failed West Chelsea condo for $87MMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoff
New York

Foreclosed home market remains strong

Sign Up for the undefined Newsletter

As the housing bust continues, one market that seems healthy is foreclosed properties. Recent data shows that lender-owned homes account for about one out of nine homes listed for sale. In Las Vegas, 52 percent of all sales in March were foreclosure related. Bargain hunters have kept the market strong, attending bus tours hosted by brokers that feature entire neighborhoods of foreclosed homes. Larry Salas of All-Star Realty Sales in Miami said all of his firm’s 150 listings are foreclosed properties, up from 25 or 30 just 18 months ago.