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Detailed text transcripts for TV channel - FOXNEWS - 20110921:23:43:00

Them a warning. new numbers out today shows sales of previously owned homes in the united states have hit a five month high. the national association of realtors reports those sales increased 7.7% last month. that s on pace for more than 5 million in annual sales and that beats analyst projections. there is always bad news though, isn t there? a lot of those homes sold because they were at risk for foreclosure and prices are still flat, leaving many people owing more on their homes than their mes are worth. dan springer in our pacific northwest newsroom this afternoon. dan? yeah, shep, the latest figures are sobering. aaccording to study, 10.9 million homeowners are under water. 2. a million more have less than 5% equity. that s 27% of all mortgages that are upside down or barely hanging on. and a lot of those first time home buyers who thought they would be in their second home years ago. georgia wall schooner, a real ....

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