Wednesday, June 30, 2010
COLUMBUS (AP) — A report says Ohio is offering the nation’s best bargains on foreclosed homes.
The study released today by foreclosure tracking firm RealtyTrac says Ohio’s average price for a foreclosed home sold during the first three months of 2010 was $79,762. That was 39.5 percent less than the average price for a home not under foreclosure.
Illinois and Kentucky were right behind Ohio, with foreclosure discounts also greater than 39 percent. The U.S. average was 26.7 percent.
RealtyTrac senior vice president Rick Sharga says foreclosed homes may be relatively cheap in Ohio, Illinois and Kentucky because the properties tend to be older and more dilapidated than those in Sun Belt states with high foreclosure rates.