Home foreclosures in Orlando are predicted to pull down home prices by 21 percent year-over-year in the July-September quarter. The price median for existing homes in January this year dropped by more than 30 percent from January 2009 to $103,000.
San Francisco bank foreclosures are still growing and prices are still falling, based on data released by research firms in California. Default notices in the third quarter increased compared to last year’s quarter, but dropped compared to the previous quarter.
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