Foreclosure Sales Slump In 3rd Quarter

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Foreclosure sales fell 25 percent in the quarter ending in September, according to the listing firm RealtyTrac. It says the drop is in line with an overall housing slowdown.

STEVE INSKEEP, host:

NPR's business news starts with a slump in foreclosure sales.

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INSKEEP: Apparently, banks aren't having any more luck than anybody else when they take over houses and try to sell them. Foreclosure sales fell 25 percent in the quarter ending in September, according to the listing firm RealtyTrac. The company says that drop is in line with an overall housing slowdown. But we could see another drop next quarter because of the recent foreclosure document mess.

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