Foreclosure auction inventory rises to near 6-year high

Foreclosure- and bank-owned auction volume jumped to their highest levels in years, but buying activity didn’t keep pace with the rise in inventory, according to the latest report from Auction.com. 

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Foreclosure inventory, which makes up the majority of distressed auction properties, leaped 48% year over year in the recent fourth quarter to its highest volume since 2020, the…