The WPJ
Residential Real Estate News
Top 20 U.S. Cities for Foreclosure Discounts
As the end nears for 2013, RealtyTrac has identified the top U.S. cities for homes with foreclosure discounts.
The top city is Fort Myers, Florida, with a 65 percent foreclosure discount. The city's foreclosure sales average price was $135,409, giving a dollar discount of $254,526. For the list, RealtyTrac measured single-family homes with three bedrooms.
Rounding out the top five cities are Cleveland Ohio (63 percent discount), Fresno, California (62 percent), Pittsburg, Pennsylvania (60 percent) and Atlanta, Georgia (57 percent).
The state of Ohio had seven cities in the top 20 list.
In a separate report, RealtyTrac reported a nationwide 37 percent drop in foreclosure activity in November.
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