Getting Graphic is a semi-sort-of-irregular collection of our favorite BIG real estate-related chart(s).
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The evolving story in the state of the housing market is the growth in foreclosures, to the point where some markets have more foreclosure sales than normal sales. I remember markets in the early 1990s when foreclosure sales were the market.
Floyd Norris covers the trend in his article In Parts of U.S., Foreclosures Top Sales.
There were 153,745 initial foreclosure notices sent out in the United States in January, according to RealtyTrac.
I suspect the next 24 months will see larger foreclosure numbers as mortgage rate resets reach their peak for the next 2 years. RealtyTrac must be pretty excited to be at the right place at the right time with the right data.
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