US housing market sees increase in foreclosed properties

[Nicholas Wallwork]

The number of properties starting the foreclosure process in the United States increased year on year in May for the first time in more than two years as banks resumed dealing with distressed properties. The latest report from Data firm RealtyTrac shows that foreclosure starts increased 12% from April to 109,051 homes in May, up [...]

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[Henderson]

‘I don’t think this is either surprising or a disaster from the economy’s standpoint. Banks have more reason to think that they can sell foreclosed properties at a reasonable price,’ he explained.