Foreclosures still rising in California

Over the last few months I have been writing articles on the improving housing market in the Sacramento region, with a little Las Vegas thrown in. I write on these areas because I am familiar with the markets and these were some of the leaders of the recent boom and bust. Over the last 3 months these markets have shown growth in numbers of home sales in both year-over-year and month-to-month, though at significantly lower median prices than a year ago. Today’s data show the other side of the equation, foreclosures, have not turned the corner yet.
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Original Source: timplaehn.com

  23 July, 2008| Fundamental Analysis | @ 7:41

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