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IPFS News Link • Housing

Arizona Real Estate: Foreclosures Outpace Resale Homes

03-15-2009 • AZcentral.com

The median foreclosed home value of $164,470 was higher than the median resale price, which ASU Realty Studies Director Jay Butler said was due to higher-end homes going into foreclosure while the resale market focused mainly on less expensive homes.

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Reported By Jack Gregson

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