Wow, was just reading that foreclosures in Jan rose 8% nationally from Dec but down 15% YOY. Conversely, out here (Washington) foreclosures fell 18% (in one month!) from Dec amd down 58% YOY.
Guess that explains my frustration in not finding more properties right now. I don't think the 5 big banks are going to be enough to saturate the market on low end to drive prices down so think we hit bottom in Oct-Nov around here.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled. -Temple of the Dog
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