Friday, July 16, 2010

Foreclosure filings are down!

For the third month in a row, foreclosure filings are down, down 2.8% from June 2010 and down 7% from 2009.

1/3 of residential sales last month were foreclosures and we are on track (according to Core Logic) to have 3.2 million foreclosures in 2010.  In a normal economy and market we would see 1-2% of sales in a month coming from foreclosures.

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