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DewDiligence

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DewDiligence

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Re: DewDiligence post# 5018

Monday, 06/25/2012 7:35:31 PM

Monday, June 25, 2012 7:35:31 PM

Post# of 30493
More good news on US housing—foreclosures are declining:

http://blogs.smartmoney.com/advice/2012/06/25/decline-in-foreclosures-a-boon-for-home-sellers/http://blogs.smartmoney.com/advice/2012/06/25/decline-in-foreclosures-a-boon-for-home-sellers/

While sales of new single-family homes jumped 8% in May, according to data released by the Commerce Department Monday, experts say homeowners may benefit more from the shrinking number of distressed properties on the market. Some 1.3 million properties were in the foreclosure process or bank owned in May, according to the latest data from RealtyTrac.com. That’s down 25% from a year prior and 39% off its peak in December 2010.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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