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Florida foreclosures lead nation

By Art C Ryter at 03/27/07 08:55

States foreclosures in Florida are the highest in the nation. The strong demand by investors raised real estate prices and lead to an artificially tight inventory. Now that the subprime lending boom is coming to a close, the are more people trying to sell out before foreclosures mar their credit. Foreclosures are also rising in Las Vegas, Nevada and Phoenix, Arizona.

Original source: CNN.com. Florida foreclosures lead nation

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