While 2007 saw some of the highest rates of foreclosure many states have recorded in decades, new statistics released by BankForeclosuresSale.com show that during the first month of 2008 foreclosures rose 8% nationwide, setting the stage for what many economists and housing market analysts are predicting could be the biggest year yet for new foreclosures. The figures for January of 2008 were also almost 60% higher than they were during January 2007, showing both the sheer volume of properties coming on to the market, as well as the progressive nature of the phenomenon.
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