The New York Times rambles, and mangles mortgages along the way

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits

WATCH: Trulia stages haunted house for unsuspecting homebuyers

'Tis the season. For screaming.

10 reasons why people don’t get a mortgage

It’s not just because of finances
W S

Los Angeles tops for second-quarter short sales

/ Print / Reprints /
| Share More
/ Text Size+
Los Angeles had the nation's highest number of housing short sales in this year's second quarter, with Phoenix a close second, according to foreclosure data firm RealtyTrac. Short sales totaled 9,145 in Los Angeles for the quarter, making up 25% of all sales with an average short-sale price of $350,237. Phoenix saw 8,434 short sales at an average price of $133,793, with short sales making up 23.4% of all sales. RealtyTrac reported in August that U.S. short sales increased 19% in the second quarter to 102,407, up from 86,059 in the previous quarter. Short sales made up 12% of all residential home sales in the second quarter, with nearly one-third of all sales at some stage of foreclosure. Reno, Nev., saw the biggest quarterly increase in short sales to nearly 50%, making up about 30% of total sales. Write to Andrew Scoggin. Follow him on Twitter @ascoggin.

Recent Articles by Andrew Scoggin

Comments powered by Disqus