Buying a Home Foreclosures New Update: California foreclosure rate drops

California foreclosure rate drops - 2005-06-22: "If there's a housing bubble, it has yet to pop in California in terms of foreclosures, according to a report Wednesday from RealtyTrac Inc.

California and Pennsylvania, which together accounted for about 9 percent of the nation's foreclosures, saw sizable declines in the number of new foreclosures reported in May compared to April, RealtyTrac says.
California's foreclosure numbers dropped 16 percent, lowering its foreclosure rate to close to half the national average. With a 30 percent decline in foreclosures, Pennsylvania's foreclosure rate dipped below the national average in May. "
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