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Existing Home Sales: Turnover Will Slow

Posted on June 13, 2008

The foreclosure article this morning contained an estimate from Lehman economists on foreclosure sales this year: Foreclosures will account for 30 percent of national home sales this year as 1.2 million foreclosed single-family homes will eventually enter the market, [Michelle Meyer and Ethan Harris, economists at Lehman Brothers] said. This is another reminder that the only reason existing home...

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