A little more on foreclosure sales

This article from NAR summarizes RealtyTrac’s Q3 2012 U.S. Foreclosure and Short Sales Report:

Foreclosure Sales Increase 21 Percent in Third Quarter

I won’t try to summarize that summary — it’s a short article and worth a read if the topic interests you.

I will, however, offer this quick comparison between Austin’s recent foreclosure sales experience and the national average:

In an earlier post about the Foreclosure Monthly Trends Newsletter, I provided similar comparisons, and commented that foreclosures represent just 3.4% of Austin-area listing inventory at this time — very different from the situation in many cities, even as their situations improve.