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Foreclosures Skyrocket, CA Stays Grounded

Metro areas in California have experienced some of the highest foreclosure rates in the country— we've been hearing this for a good, long time. Kicking off your happy hour on a bright note, however: California has held its own over the last month, remaining relatively stable as nationwide foreclosure rates skyrocketed in May— the national rate is now up 50 percent from last year and up 7 percent since April. Way to keep it together, homeowners. [WSJ]