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IPFS News Link • Economy - Economics USA

California Real Estate: August foreclosures 46.9 % of sales - prices off 5.3%

9-23-08 • MrMortgage.ml-implode.com

Values continue to tumble, down 5.3% in August alone, pushing all homeowner’s net-worth lower and many into an even deeper negative-equity position and an exponentially greater chance of loan default.

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