Morning Minute: Foreclosure sales rise in 3Q, RealtyTrac reports

According to the latest RealtyTrac report, the sale of U.S. homes in foreclosure (including homes in the pre-foreclosure process as well those already possessed by the bank) rose 21 percent in the third quarter compared to the second quarter of 2012, but were 3 percent lower compared to last year, Reuters reports. In the Chicago area, pre-foreclosure sales climbed 65 percent when comparing year-over-year, the Chicago Tribune reports.

In other news:

Short sales outpacing sales of bank-owned homesThe Southern

Mortgage rates tick up, above record lowUSA Today


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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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