Foreclosures made up 31 pct. of home sales in 2Q

Posted on: Fri, 09/02/2011 - 14:15

TrustPoint

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Foreclosures made up 31 pct. of home sales in 2Q

This is not a good thing from a historical viewpoint. We need real buyers, not more investors to be buying homes. Investors, en masse, are a weak hand and will capitulate if more real buyers don't appear soon.

Read the whole story:

http://www.msnbc.msn.com/id/44267325/ns/business-stocks_and_economy/

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Foreclosures made up 31 pct. of home sales in 2Q

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