California home foreclosures hit a record
California home foreclosures hit a record
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The number rises to 47,171 in the first quarter, more than four times as many as a year earlier. Sinking home values and the collapse of flimsy mortgages fueled a record number of foreclosures in California in the first three months of this year, dimming prospects for any quick recovery in the housing market. |
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News entry number 4259 added on Apr 23, 2008 in the Business News category.
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