“That sounds bleak, analysts say, but the good news is that the surge in foreclosures has likely reached its peak. ”
Is that the equivalent of “we might have reached the bottom”? Not only are no “analysts” named to directly support this assertion, very little reason is given for this conclusion. But a lot of negative info is given in the article.
It sounds like Detroit is a bit ahead of the curve, thanks to its almost constantly weakening job market. Detroit very well may have hit bottom in terms of its local market.
San Diego ranked #35 on their foreclosure list. I wouldn’t be shocked to se it move up in the next year.
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