California foreclosures on the rise
Yet another sign of a changing/changed real estate market? DataQuick reports that "First-quarter foreclosure activity in California increased to the highest level in more than two years, the result of slower home price increases".
Having kept statistics since 1992, DataQuick notes that
* The lowest number of default notices were recorded in the third quarter of 2004
* The hightest number of default notices were recorded in the first quarter of 1996
To read more: California foreclosures