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In its latest report last month, the real estate marketing firm RealtyTrac noted that foreclosures in the second quarter of 2008 were up 14 percent over the first quarter, and up 121 percent from the second quarter of 2007.
But unless you live in Nevada, California, Arizona or Florida, you are much less likely to be included in those statistics. An analysis of the numbers show that, of the 739,714 foreclosure actions in the second quarter of this year, 373,919 of them, or slightly more than 50 percent, were in those four states.
New research shows that home foreclosure filings have tripled in Arizona’s most populated areas have in the past 12 months.
Default Research, which tracks home foreclosures in the Phoenix and Tucson areas, reports that foreclosure activity in the two metro areas jumped 305 percent from September 2007 to September 2008.
The median price of new and resale homes in El Mirage dropped 32.5 percent when comparing the first eight months of 2008 to 2007.
The working-class Northwest Valley city is the only place in the county where foreclosed home sales exceeded traditional resales. Of 382 houses sold this year through mid-September, 53 percent were foreclosed homes.
Didnt we just go through a very similar stupid thread yesterday, where we had to educate the stupid on the differences between the job of a US Congressman,and a State Senator?
Didnt we just go through a very similar stupid thread yesterday, where we had to educate the stupid on the differences between the job of a US Congressman,and a State Senator?
Link please. I'm hoping it was one of the threads about Obama and problems in Chicago.
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