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[Getting Graphic] Market Sags And Gags

Getting Graphic is a semi-sort-of-irregular collection of our favorite BIG real estate-related chart(s).

Source: NYT

Click here for full sized graphic. [1]

The evolving story in the state of the housing market is the growth in foreclosures, to the point where some markets have more foreclosure sales than normal sales. I remember markets in the early 1990s when foreclosure sales were the market.

Floyd Norris covers the trend in his article In Parts of U.S., Foreclosures Top Sales [2].

There were 153,745 initial foreclosure notices sent out in the United States in January, according to RealtyTrac.

I suspect the next 24 months will see larger foreclosure numbers as mortgage rate resets reach their peak for the next 2 years. RealtyTrac [3]must be pretty excited to be at the right place at the right time with the right data.

So much for a market on fire. [4]