Some 24% of homes sold in the U.S. during Q4 were in some stage of foreclosure, and the average...

|By:, SA News Editor

Some 24% of homes sold in the U.S. during Q4 were in some stage of foreclosure, and the average price of a foreclosure-related sale was 29% below the average price of a non-foreclosure sale, RealtyTrac reports. The situation is not expected to improve this year, as more bank-owned homes reach the market and are sold at relatively low prices to clear inventory.