From the Wall Street Journal
By JAMES R. HAGERTY
The supply of foreclosed homes that banks need to sell is rising again, signaling further downward pressure on home prices in some parts of the U.S.
Mortgage analysts at Barclays Capital in New York estimated that banks and mortgage investors held a total of 645,800 foreclosed homes in January, up 4.6% from 617,286 a month earlier.
Read the rest of this article at :
http://online.wsj.com/article/SB10001424052748703523204575129861685086570.html?mod=djemRealEstate_h
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