Saturday, October 27, 2007

California Foreclosures

"Foreclosures statewide were at an all-time high for the three months ended Sept. 30. ... Default notices set a state record at 72,572, eclipsing the previous mark of 61,541 set in the first quarter of 1996", LAT, 26 October.

I expect California real estate to fall for at least another two years.

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