In Delaware, foreclosed homes accounted for 18.5 percent of first-quarter sales, compared with 27.5 nationally. At the same time, the homes sold, on average, for 36.2 percent reduction than the median on the whole price, the real estate investigate definite mentioned Wednesday. Across the country, foreclosures sole at a 26.7 percent discount.
In states similar to Delaware where foreclosed homes are selling reduction quickly, experts fret that it will take longer to wash out them from the system, serve working against normalization.
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