(NEW YORK) — The number of foreclosed homes that were sold in the third quarter shot up by 21 percent, RealtyTrac reports.
The foreclosure tracking firm says a total of 193,059 U.S. properties in some stage of foreclosure or bank-owned were sold during that time.
While the figures are a step in the right direction, “it’s still not up to the heights of the foreclosure sales that we were seeing back in 2009 and 2010,” says RealtyTrac Vice President Daren Blomquist.
“But there does appear to be a resurgence of banks releasing some of their foreclosure inventory for sale in the last couple of quarters,” he adds.
Compared to the third quarter of 2011, foreclosures sales were down by 3 percent.
Copyright 2012 ABC News Radio
Paul Menser, BizMojo Idaho
Julia Horowitz, CNN
Erin McClam, CNN