Looks like it is still a bloodbath out there in the housing market. Triple the rate of the same period last year.
"As foreclosures continue to soar, 220,000 homes were lost to bank repossessions in the second quarter, according to a housing market report Friday issued by RealtyTrac.
That's nearly triple the number from the same period in 2007."
Bury
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That would indicate the financial sector still has a major downside risk...