Thursday, February 24, 2011

Redfin Adds More Foreclosed Homes Listings

Seattle-based Redfin is making lemonade out of lemons, saying Thursday that it is now showing 700 percent more foreclosed homes on the site. The online real estate firm said that it has "flipped the switch" on a new data source for foreclosed homes, and has increased its coverage to more than 80,000 properties, up from under 10,000 properties previously listed on the site. The new listings include homes that have been foreclosed upon by banks, but have not yet been put on the market for sale.