Foreclosures Make Up Majority of Sales in Sacramento

clipped from blogs.wsj.com If you want to buy a home in Sacramento, Calif., the banks have a deal for you. The Sacramento Association of Realtors says that a whopping 65.5% of 1,654 homes sold by Realtors in May were bank-owned, foreclosed, homes. The median sales price in Sacramento County and the City of West Sacramento May was $230,250, down 34.2% from a year ago.