Morning Briefs

The Florida Times Union, June 30, 2010 | Go to article overview

Morning Briefs


31% OF HOME SALES WERE IN FORECLOSURE

Foreclosure sales accounted for almost a third of all home sales across the country during the first quarter of 2010, according to RealtyTrac, a data tracking firm.

A total of 232,959 residential properties in some stage of foreclosure were sold January-March, or 31 percent of all home sales. That represented a drop of 14 percent from the previous quarter and was 33 percent below the first quarter of 2009.

In Florida, 35,410 homes sold during the first quarter, or 38.6 percent of sales, were in foreclosure. The average selling price of foreclosure homes was $121,294, about 28 percent below homes not in foreclosure.

In Georgia, there were 8,382 foreclosure sales, 35 percent of all sales. The average price was $126,300, 33 percent below homes not in foreclosure.

Nevada had the highest foreclosure sale rate with 64 percent of all home sales being under foreclosure.

Roger Bull/ The Times-Union

VERIZON SAID TO GET IPHONE IN JANUARY

Verizon Wireless, the largest U.S. mobile-phone company, will start selling Apple Inc.'s iPhone next year, ending AT&T Inc.'s exclusive hold on the smart phone in the U.S., two people familiar with the plans said.

The device will be available to customers in January, according to the people, who declined to be named because the information isn't public. Spokespersons for Apple and Verizon Wireless declined to comment.

The iPhone, which has been the sole domain of rival AT&T in the U.S. since June 2007, will give Verizon a boost in its competition for smart phone customers, an analyst for UBS AG said in an interview.

Verizon customers, who numbered 92.8 million at the end of the first quarter, may buy 3 million iPhones a quarter, the analyst estimates. …

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