| From Theaustralian.news.com.au: The rate of forced sales suggests the answer is yes, although the strengthening US dollar and uncertain capital gains mean it's not quite a foreign buyer's bonanza. Already, 2.2 per cent of all US homes are in the foreclosure process, according to foreclosures.com.
The Wall Street Journal predicted this week that there could be 1 million foreclosed properties on the US market by the end of the year. “So far this year, 748,381 homes — or 46 per cent of the foreclosures — have gone into the possession of the banks … because no bidders were interested in them at auction,” the Journal reported..... Full Article: Source
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