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RealtyTrac: November foreclosure activity hints at rising tide (CHARTS)

California, Arizona post annual increases amid U.S. seasonal dip

After rising in October, foreclosure activity fell slightly on a monthly basis in November, but some signs point to a coming increase in early 2012, according to a report from foreclosure data site RealtyTrac. One in every 579 housing units, or 224,394 properties, received a foreclosure filing -- a default notice, scheduled auction, or bank repossession -- in November. That's a 3 percent drop from October and a 14 percent drop from November 2010 -- the smallest year-over-year decline in the past year. "Despite a seasonal slowdown similar to what we've seen in each of the past four years, November's numbers suggest a new set of incoming foreclosure waves, many of which may roll into the market as REOs (bank-owned homes) or short sales sometime early next year," said James Saccacio, co-founder of RealtyTrac, in a statement. "Overall foreclosure activity is down 14 percent from a year ago, the smallest annual decrease over the past 12 months, and some bellwether...

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