CA Foreclosures Near All-Time Low
California Foreclosures Near All-Time Low is a headline that seems ludicrous given all that we are hearing in the news these days. But, if you look at the historical data this statement is truer than California Foreclosures Near All-Time High.
The point being that statistics and headlines can be manipulated to create whatever story you want. This graph shows California foreclosures from 1974. If I cut the data from 1974 thru 1990 out of the graph, I could say California Foreclosures at 15 Year Low.
The green line represents foreclosures. The yellow line represents deliquancies. It seems that deliquancies with mortgage payments are even nearer to all time lows than foreclosures.
But, this data is from the entire state of California. If you plotted the data for the Los Angeles basin and compared it to the data from the San Francisco Bay Area, it would probably look very different.
If you're looking to buy, sell or invest in real estate, what matters most is local data and market trends. National, state and regional data can be helpful, but what's most important is what's happening in your neighborhood.
Professional real estate agents that follow their local markets closely know that even within the community, there are certain neighborhoods that fare better than others. Many of the real estate sites we visit have little or no information about real estate market trends or conditions. If you were going to sell your house, don't you think that knowing about the local market would be of some importance?
We provide three sets of real estate news, stats and trends on our site.
This information is free and updated frequently. The Market Detail Report needs to be requested as it would take too much time every week to update the PDF reports. If you request one, we will email it to you with no obligation on your part.
