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The Wall Street Journal

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The New Market Reality: Foreclosure Auctions, High-End Real Estate 

Jul 02, 2007By

As the housing slump drags on, a few stories this past weekend shed some light on two emerging market trends: auctions and the effect on the higher-end of the mortgage market. The Wall Street Journal reports on the growing auction trend for foreclosures, the result of a new glut of inventory sitting on banks’ books:

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