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October 15, 2009

Home Foreclosures Rise 5%
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In housing news, new figures show the number of homes facing foreclosure
has risen over five percent in recent months. According to Realty Trac,
938,000 homes were at risk of foreclosure for the three-month period
ending last month, up from 890,000 in the prior three months.
Foreclosure-related filings are on pace to reach around 3.5 million this
year, up from 2.3 million in 2008.