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Foreclosure

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Economic Picture Pressures Housing, Foreclosures 

Oct 22, 2008By

In applied statistics, it’s called the second derivative — the basic concept of a derivative can be thought of as how much a quantity is changing at some given point, and a second derivative is the measure of how much that change is itself changing. While it’s a somewhat obtuse concept, it describes to a tee what’s now being seen in many of the nation’s housing markets, according to data issued Wednesday by First American CoreLogic.

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