Thursday, May 18, 2006

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

No comments: