Many bargain-hunting buyers are grabbing Florida foreclosure homes because of the continuous drop of home prices in the state. Home sales in the state rose by 20 percent last month.
In less than one hour, about $20 million worth of luxury homes were sold in Boston foreclosures for sale. Minimum bids started at $1.075 million and the final prices average over $1.35 million.
Miami cheap houses have been making a lot of buyers happy, but they have been causing budget challenges for the county. The average sales price discount for buyers of Miami-Dade homes in foreclosure in the first quarter was almost 40 percent.
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