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Rate of Foreclosures Drops in Two-Thirds of Major Metros

Real estate foreclosure rates in US declining

Although the nation's housing market is a long way from recovering fully from the recession of the late 2000s, several indicators suggest that significant progress was made during the third quarter of 2012. In addition to improving in basic measurements of health like property values, the housing market has also seen a large reduction in the number of foreclosures left over from the economic downturn.

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