Foreclosure Sales Drop in Q3

According to RealtyTrac's Q3 2010 U.S. Foreclosure Sales Report, foreclosure sales fell 25 percent from the previous quarter and the average sales price of properties in some stage of foreclosure was $169,523, down 2.46 percent from the second quarter. James J. Saccacio, chief executive officer of RealtyTrac, said the expiration of the homebuyer tax credit created a substantial dip in overall demand in the third quarter. The average sales price of non-foreclosure properties, however, rose 6.42 percent from the second quarter and 4.36 percent from the third quarter of 2009. More here and here.