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Foreclosures fall in 62% of U.S. cities

Posted by Bonnie Martin Designated Broker on Friday, October 26th, 2012 at 7:44am.

NEW YORK (CNNMoney) -- Foreclosures fell in nearly two-thirds of the nation's largest metro areas during the third quarter, according to RealtyTrac Thursday.

With 62% of the nation's 212 largest markets seeing foreclosure activity shrink during the latest quarter, the ongoing decline is yet another sign that the housing market is starting to stabilize.

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