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Foreclosure News Nationwide
August 2006

Foreclosures Sweeping the U.S.by Alan Smith

The tsunami of foreclosure activity we predicted last month has begun. Defaults are up sharply in the overheated bi-coastal markets, as well as the manufacturing sector dependent states of the Midwest, as housing sales cool down across the country and price appreciation drops to its weakest level in 11 years. The inventory of unsold homes has reached a nine year high to a 6.8 month supply, according to the National Associati ...
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