Mixed news on home foreclosures
Home foreclosures rose in the first six months of 2012, but were down on a year-over-year basis in 219 of the nation's largest metro areas
Best metros for foreclosure buying and investing in second half of 2012
Second quarter foreclosure starts increased from the previous quarter in more than 60 percent of all metro areas with a population of 200,000 or more, and those markets represent areas where more foreclosure inventory will likely be available for sale in the second half of the year.
Among the 132 metro areas with increasing foreclosure starts in the second quarter, RealtyTrac ranked the 10 best markets for foreclosure buying and investing in the second half of 2012. The top 10 list is comprised of metros where the average foreclosure sales price is increasing on an annual basis, average foreclosure sale discounts are still 15 percent or higher, and the unsold inventory of bank-owned homes represents a supply of 20 months or fewer.
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