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Foreclosure sales rise

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By Thomas Olson
Thursday, Dec. 6, 2012, 12:01 a.m.

The number of Pittsburgh-area homes in foreclosure that sold during the summer quarter dipped to 558 from 564 in the same period a year ago, said a report from RealtyTrac Inc.

Those sales represented less than 7.9 percent of all homes sold in the seven-county region from July through September, up from 7.4 percent the year earlier, said the Irvine, Calif.-based firm.

By comparison, nearly 19.5 percent, or 193,059, of homes sold nationally over the summer were in foreclosure. The year earlier, it was about 19.1 percent, or 198,839, of homes.

In Pennsylvania, about 8.6 percent, or 2,539, of homes sold last summer were in foreclosure, versus less than 7.7 percent, or 2,503, last year.

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