UNEXPECTEDLY! Existing-Home Sales In U.S. Unexpectedly Fall. “As of March 31, about 5.6 million houses were either in foreclosure or their owners were more than 30 days late in making mortgage payments, according to Bloomberg calculations, raising the risk that property values will keep falling. That would make any sustained recovery difficult to achieve. About 37 percent of all transactions last month were of distressed properties.”
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