Sales of foreclosed homes accounted for 30% of all home sales in the first quarter of 2010, according to Trulia. 
Nearly half of adults (45%) would consider buying a foreclosed home, down from 55% in 2009. Most (78%) would be concerned about negative aspects of purchasing a foreclosed home, including hidden costs of the purchase (68%) and that the home would lose value (35%).
Renters (57%) are more likely than homeowners (40%) to consider a foreclosed home. Age is a factor in Americans’ interest in foreclosed homes. Among renters, 65% of 18-34 year olds would consider such a purchase, compared to 63% of 35-44 year olds, 54% of 45-54 year olds, and 31% of those aged 55 and older. [Home/Housing]
Source: “Foreclosed Property Survey,” Trulia, Ken Shuman 208 Utah St., #310, San Francisco, CA 94103; 415-517-7211; kshuman@trulia.com; www.trulia.com.
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