Realtytrack/cnbc.com have report today that although September figures show a 99% increase in nationwide YOY foreclosures , the figures comparing September to August show an 8% decline, which is being interpreted by some that the crisis is easing – that is how I interpret the following link:
You have to look into the trend. Its an increasing trend line so far, one month drop from prior month doesn’t mean nothing if the trend still facing upward. Also like what Golfpro said less day count in September. Its not statistical fluke its call bull-trap.
You have to look into the trend. Its an increasing trend line so far, one month drop from prior month doesn’t mean nothing if the trend still facing upward. Also like what Golfpro said less day count in September. Its not statistical fluke its call bull-trap.
Agreed with the poster about the trend line being more important then any monthly results. It is a marathon not a sprint. Just keep patient and keep your time horizon realistic. Personally I am still irritated that the foreclosures rate for homes in the neighborhoods I want to live in is agonizingly low. I do not believe it will pick up for awhile.
Agreed with the poster about the trend line being more important then any monthly results. It is a marathon not a sprint. Just keep patient and keep your time horizon realistic. Personally I am still irritated that the foreclosures rate for homes in the neighborhoods I want to live in is agonizingly low. I do not believe it will pick up for awhile.
“California’s foreclosure rate was one filing for every 253 households. The state reported the most foreclosure filings of any single state with 51,259, down 11 percent from August but a fourfold increase from September of last year.”
Anyone still think prices won’t fall? If so, I’ve got some swampland to sell you.
“California’s foreclosure rate was one filing for every 253 households. The state reported the most foreclosure filings of any single state with 51,259, down 11 percent from August but a fourfold increase from September of last year.”
Anyone still think prices won’t fall? If so, I’ve got some swampland to sell you.
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