While overall U.S. foreclosure activity was reportedly down 23 percent, year-to-date through October, RealtyTrac says foreclosures on luxury properties valued at $5 million and above jumped 61 percent compared to the same time period a year ago.
Thursday, December 05, 2013
Luxury Real Estate Foreclosures Up 61 Percent
http://www.benzinga.com/news/13/12/4133037/luxury-real-estate-foreclosures-up-61-percent#ixzz2mcmfN6KR
It appears the rich are finally catching up with the rest of the nation, when it comes to real estate foreclosures.
While overall U.S. foreclosure activity was reportedly down 23 percent, year-to-date through October, RealtyTrac says foreclosures on luxury properties valued at $5 million and above jumped 61 percent compared to the same time period a year ago.
While overall U.S. foreclosure activity was reportedly down 23 percent, year-to-date through October, RealtyTrac says foreclosures on luxury properties valued at $5 million and above jumped 61 percent compared to the same time period a year ago.
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