Foreclosure discounts have nearly dried up due to low inventory levels, according to the latest housing reports. The average discount nationwide for foreclosure properties has fallen to 7.7 percent, according to Zillow research. In some parts of the country, there is no foreclosure discount when compared to other sales.
INVENTORY DOWN 64%
Lack of housing inventory is driving the demand and increasing prices. NAR Chief Economist Lawrence Yun predicted a 5.1 percent increase in median home prices for 2013.
See where the Smallest and Largest foreclosures can be found: Read more..
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