Sales of homes in some stage of foreclosure or bank owned accounted for 31% of U.S. residential...

|By:, SA News Editor

Sales of homes in some stage of foreclosure or bank owned accounted for 31% of U.S. residential sales in Q2, down from nearly 36% in Q1 but up from 24% Y/Y, RealtyTrac reports. "This report is clearly good news for well-positioned buyers and investors looking for bargain real estate," RealtyTrac's James Saccacio says. Well, that's one way of looking at it.