More buyers interested in foreclosed properties, survey finds

More buyers interested in foreclosed properties, survey finds

Interest in purchasing a foreclosed property has more than doubled in the past 2 1/2 years even as the U.S. available inventory shrinks, according to a Realtor.com survey released Wednesday.

The share of buyers who say they’re likely to purchase a foreclosed home jumped to almost 65 percent from 25 percent in October 2009, according to the telephone poll by Realtor.com, the National Association of Realtors’ website.

U.S. foreclosure filings fell to a five-year low last month as lenders sought to avoid repossessing properties and a housing recovery showed signs of taking hold.

Are you thinking of buying a home? Now is a great time with this market and interest rates so low! Check out our Homeownership Simplified section a for information & tips on buying a house in Washington State as well as our handy calculators to figure out potential mortgages, closing costs, and more!