This morning after I had bought my hot chocolate, I happened to walk past one of those "newspaper" type boxes that are filled with real estate magazines. Those things are all over the place. I didn’t really give it a second thought – until late this afternoon while I was watching the news.
At one point during the broadcast, the current state of the real estate market was brought up. It mentioned that the number of foreclosures were up 50% from last year. So for every two foreclosures last year, there are three this year. Not good news. (more…)