California Foreclosure Uptick Doesn't Indicate Long-term Trend

From DS News

California Foreclosure Uptick Doesn't Indicate Long-term Trend

Foreclosures are declining in most of the Western states tracked by ForeclosureRadar, but some experienced anomalous upticks in February. For example, in California notices of default and notices of trustee sale together increased 10 percent--a sharp about-face from the previous month's 43.3 percent decline. ForeclosureRadar anticipates a return to the recent trend of declining foreclosure activity in the state. While positive for homeowners, ForeclosureRadar points out an unintended consequence of such market conditions: decreased REO inventory, which is "still very much a part of the California real estate landscape," the firm said. » Read More

 

- Sunil Sethi

 

SUNIL SETHI REAL ESTATE


Helping Families Find Homes with Great Schools in Fremont, Newark and Union City.


 

  Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax

   To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App".


  
Love Us on Yelp!

 

   Like Us on Facebook