Renovation-Radio.com: NPR Reports On Record Foreclosures In 2010 Which Sell For 26% Less Than Homes Not In Foreclosure (Audio)

Nearly one in four homes sold in the second quarter of this year were foreclosures, according to the research firm RealtyTrac. The company estimates banks will take over a record 1.2 million homes this year — up from a million last year. Those foreclosed homes sold for 26 percent less compared to homes not in foreclosure.

Renovation-Radio.com: National Public Radio (NPR) Airs “Volatile Housing Market Baffles Homeowners”

Tax credits for buyers, mortgage help for homeowners and new rules for lenders haven’t stopped the slide in the housing market. Some economists argue the best way to balance the market in the long term is to let it crash in the short run. Many homeowners and prospective homeowners are unsure if it’s time to buy, to rent, or to wait.