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U.S. Housing Market Recovery : Huge Drop In Foreclosures Within Key U.S. Cities

Buying a foreclosure? Time to find a “great deal” may be running out. According to foreclosure-tracking firm RealtyTrac, May 2013 foreclosure filings tallied less 150,000 in May, which is near a six-year low. Banks are repossessing far fewer homes as

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Foreclosure Prices Back From Bottom; Market Impact Lessened

Before the housing crisis, you see, a foreclosed home typically sold for about 12 or 13 percent below a similar ‘traditional’ sale. But the market collapse pushed prices down, and foreclosures were going for 25 percent below market value. Ick

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