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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Friday, July 16, 2010
Foreclosure filings are down!
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.
