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Divide California’s 13,174,378 housing units (*) by 188,684 yearly foreclosures (47,171 foreclosures times 4) and we find that 1 in 69 housing units will likely be foreclosed upon this year in California.
Not something to be proud of, for sure.
(*) = According to the census people:
http://quickfacts.census.gov/qfd/states/06000.html