15 best places to buy foreclosures
The number of homes lost to foreclosure is closing in on levels not seen since before the housing meltdown in 2007. Check out the 15 best cities to buy foreclosures.
Find a new home on the cheap in these 15 best cities to buy foreclosures, as ranked by RealtyTrac, the online marketer of foreclosed properties. Cities are ranked by how much sales of bank-owned homes increased in the last three months of 2012. Average sale prices are also included.
Find a new home on the cheap in these 15 best cities to buy foreclosures, as ranked by RealtyTrac, the online marketer of foreclosed properties. Cities are ranked by how much sales of bank-owned homes increased in the last three months of 2012. Average sale prices are also included.
15. Sarasota, Fla. -- 19 percent increase in sales of bank-owned homes
Average price: $127,181
14. Chattanooga, Tenn. -- 21 percent increase in sales of bank-owned homes
Average price: $91,114
13. Rockford, Ill. -- 35 percent increase in sales of bank-owned homes
Average price: $57,261
12. Chicago -- 43 percent increase in sales of bank-owned homes
Average price: $116,879
11. Memphis, Tenn. -- 57 percent increase in sales of bank-owned homes
Average price: $75,215
10. Pensacola, Fla. -- 78 percent increase in sales of bank-owned homes
Average price: $100,825
9. Greensboro, N.C. -- 79 percent increase in sales of bank-owned homes
Average price: $85,333
8. Canton, Ohio -- 86 percent increase in sales of bank-owned homes
Average price: $57,339
7. (tie) Daytona Beach, Fla. -- 89 percent increase in sales of bank-owned homes
Average price: $88,012
7. (tie) Winston-Salem, N.C. -- 89 percent increase in sales of bank-owned homes
Average price: $72,356
5. Palm Bay, Fla. -- 90 percent increase in sales of bank-owned homes
Average price: $87,018
4. Columbus, Ohio -- 92 percent increase in sales of bank-owned homes
Average price: $87,994
3. Charlotte, N.C. -- 109 percent increase in sales of bank-owned homes
Average price: $111,260
2. Dayton, Ohio -- 123 percent increase in sales of bank-owned homes
Average price: $50,579
1. Cleveland -- 141 percent increase in sales of bank-owned homes
Average price: $57,782
