Here is the story from the SF Chronicle that details the most recent stats.
Here is the image from the story... it goes without saying that this picture is worth more than a thousand words:
Thursday, July 26, 2007
Foreclosures explode in CA
As expected, foreclosures are going through the roof here in CA, and the Bay Area isn't immune. I had a great conversation with some business school friends last night about the housing market, and my point of view is that things will actually continue to get worse before they get better.
Here is the story from the SF Chronicle that details the most recent stats.
Here is the image from the story... it goes without saying that this picture is worth more than a thousand words:
Here is the story from the SF Chronicle that details the most recent stats.
Here is the image from the story... it goes without saying that this picture is worth more than a thousand words:
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1 comments:
I work for CurrentForeclosures.com, a foreclosures site and have seen a huge increase in the number of foreclosures in the past 7 months. I believe it is a combination of not only sub-prime and ARM mortgages, but also the high number of people who have gotten loans with interest rates at an all time low... in addition to the rapid depreciation in some areas and the difficulty some are experiencing in selling their homes.
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