Foreclosure Bargains

Foreclosures are still going strong in the market. As the real estate situation in the country recovers there are still numerous foreclosed homes as well as short sales on the market. RealtyTrac has created a list of the top five areas where people can find the best foreclosures. In these places, the foreclosed homes cost 35% less than traditional homes. These places also have a positive year after year growth in average home prices and relatively home unemployment rates compared to the rest of the country. Memphis, Tennessee is one of those areas with foreclosed home bargains selling for an average of $72, 904. The Oklahoma City movers found out Milwaukee-Waukesha in Wisconsin is another one on the list. In that area, foreclosed homes are discounted by 48% selling for an average of $89, 839. Next on the list of foreclose home bargains is Buffalo-Niagara Falls, NY. The Oklahoma City moving specialists found out the homes there are discounted by 47%. Cleveland-Elyria-Mentor in Ohio is next, with discounts of 45% and an average price of $71, 438. San Francisco is last on the list of foreclosure bargains with 41% discounts even as the average prices home went up by 28.9%.