The S&P/Case-Shiller Home Price Index released on Tuesday indicated that home prices in the San Francisco metro area declined, but not as steeply as in January. Continued addition of properties to foreclosed home auctions is contributing to price declines.
The number of Fort Worth foreclosure homes for sale is still rising because of the addition of housing units from delayed foreclosure proceedings. Foreclosures in previous months were delayed because of loan modification efforts which subsequently failed.
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