Thursday, May 13, 2010

Defaults on Da Decline?

Interesting first quarter stats POPULACE! Is the housing market preparing for an upswing? While I believe that there are still challenges, I have been saying all along that we are stable. What I thought was interesting was that the L.A. market is beginning to see signs of recovery which is good news for us as we tend to follow Southern California. Now the road to recovery is still very rocky but at the very least there are positive signs lurking. The decreases in defaults were small, but they were decreases nonetheless. It will be interesting to see what transpires over the next few months. But know that I will keep you posted.

Remember: BE IN THE KNOW!

Carl O
http://www.latimes.com/business/la-fi-mortgage-defaults-20100511,0,270272.story

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