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U.S. foreclosure activity in April jumped 32 percent from a year ago to a record high, and should mount because temporary freezes on foreclosures ended in March, RealtyTrac said on Wednesday.
The Senate today approved a housing bill aimed at addressing the country's growing foreclosure problem, including revamping a troubled government foreclosure prevention program.
The pace of private-sector U.S. job losses slowed dramatically last month, while future planned layoffs also declined, and the hard-hit housing sector showed signs of improvement last week.
Pending sales of existing U.S. homes rose in March for a second straight month, a private survey showed on Monday, supporting views the housing market was close to hitting a bottom.
Existing home sales in the United States likely fell in March amid tight lending standards and concerns by purchasers on job security but a continued decline in prices may mute the drop and even point to sales stabilizing, economists said.