Bargain hunters snap up local foreclosed homes (The Santa Rosa Press Democrat)
Story date: 2008-10-16 08:25:09
Added on: 2008-10-16 10:01:21
Sales double, with 2 out of 3 homes sold were foreclosure properties unloaded by banks or short-sales by homeowners bailing out on mortgages they could no longer afford. But the same dynamic driving sales upward is also pushing prices down - a 35.3 percent decline from a year ago.
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