Sentences with phrase «foreclosures hit the market this year»
«Whatever foreclosures hit the market this year will be eaten up.»
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«While we're seeing early signs that foreclosure activity may have peaked in some of the hardest - hit markets, foreclosures continued to rise in three - quarters of the nation's metropolitan areas in the first half of the year,» said James J. Saccacio, chief executive officer of RealtyTrac.
Wall Street buyers are acquiring the debt after foreclosure starts dropped this year to the lowest level since 2006 and house values soared in California, Phoenix and other markets hard - hit by the real estate crash.
But in at least seven of the 20 metros, home price gains could be threatened in 2013 by another round of foreclosures and short sales hitting the market during the year.