Foreclosure sales rose to 28% of all home sales in Q1, nearly six-times as much as in a typical...

|By:, SA News Editor

Foreclosure sales rose to 28% of all home sales in Q1, nearly six-times as much as in a typical healthy housing market. "It's an astronomically high number," RealtyTrac's Rick Sharga says, though it is down from a peak of 37.4% in 2009.