Economic Charts

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Thursday, September 16, 2010

Housing Dip Take 2

Along with fresh new decreases in home values due to excess inventories now we are seeing foreclosure activity resume its upward trend as predicted.  ZeroHedge says RealtyTrac reported overnight that general foreclosure activity (i.e., default notices, scheduled auctions and bank repossessions) — were reported on 338,836 properties in August, a 4 percent increase from the previous month. One in every 381 U.S. housing units received a foreclosure filing during the month.  [ Read More ... ]

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