Sacramento's sales rate for foreclosed homes has surpassed the sales rate for new homes as of October, with 18,491 units sold out of a total of 23,572 repossessed properties.
Home foreclosures in Pittsburgh arising from strategic defaults are not as high in number as in other metro areas. While walk-aways are sharply rising in other areas, signs of walk-aways just started in the last quarter of 2009 in the Pittsburgh area.
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