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Released: November 13, 2012
Deep discounts on foreclosed homes disappearing
Source: Brady Dennis, Washington Post (Free Registration)
News flash for anyone looking for a house on the cheap: Foreclosed homes probably aren’t the bargain you’re expecting, and certainly not the bargain they were several years ago. Nationally, the average discount on a foreclosure in September was only about 8 percent below market value, according to an analysis by Zillow. That’s a significant change from the 24 percent average markdown in 2009, during the depths of the housing bust, and another signal that the country’s housing market is inching toward recovery.Read Full Article: Deep discounts on foreclosed homes disappearing
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