2012 seen as ‘long slog’ through foreclosures

2012 seen as ‘long slog’ through foreclosures

Foreclosure homes are dragging prices down across Washington state, and the light at the end of the tunnel may not arrive until the end of the year.

Glenn Crellin, an economist with the University of Washington’s real estate studies center, told a gathering of homebuilders and other related professionals Wednesday morning that “with any luck” the foreclosure glut will be worked out in 2012. “It will be a long slog,” he said.

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