IRVINE, CA-According to a RealtyTrac foreclosure midyear report, the state also accounts for 10 of the top 20 metro foreclosure rates during the first half of the year. Is this welcoming news to buyers?

Brandon Moore, CEO of RealtyTrac, tells GlobeSt.com's Natalie Dolce that increasing foreclosure starts in many local markets helped push total foreclosure activity higher in the first half of this year compared to the second half of 2011. “Those foreclosure starts are welcome news for prospective buyers and real estate brokers in many local markets where a shortage of aggressively priced inventory has been holding up sales activity,” he says.

Check back on August 10 for the full story.

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