Thursday, May 26, 2011

Foreclosure sales 'astronomically high' in Q1 - Business - Personal finance - Real estate - msnbc.com

Foreclosure sales 'astronomically high' in Q1 - Business - Personal finance - Real estate - msnbc.com: "LOS ANGELES — Sales of homes in some stage of foreclosure declined in the first three months of the year, but they still accounted for 28 percent of all home sales — a share nearly six times higher than what it would be in a healthy housing market."

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