patrick.net

Across the US the foreclosure discount is now 32 percent -- that's up from 26 percent a year ago.

So what does this say about the real estate marketplace?

The chart also shows that discounts in many markets on bank-owned property are even greater than pre-foreclosures.

The discount is obviously greater in some markets and lower in others, but you have to wonder: Where is the point where home prices and interest rates make ownership attractive?

See: http://www.ourbroker.com/foreclosures/foreclosure-discount-gets-bigger-bigger-082611/

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