Foreclosure News

Hello POPULACE! Sorry for not having blogged in a while I have been extremely busy and I took some time off. But enough of the items from the not so important file. I wanted to pass on a bit of foreclosure news to you. It is a bit mixed so it can be hard to gauge if you are following the trends. Foreclosure filings are down but there seems to still be a large inventory of homes that are REO. So will more homes be sold through foreclosure or as the pace slows and more homeowners modify their loans will the numbers decrease? Questions we all would like to know. One interesting tidbit is that Bakersfield was #8 in a top 10 list of Metro cities that had the greatest decrease in foreclosure filings. I have been saying if you have been reading my blog that Bakersfield is and has been stable. Sure our median price fluctuates but not at the percentages we have been seeing over the last few years. Our market is still volatile but I hope at the very least that this trend continues because it is a good thing when foreclosures are down because it helps everyone. Especially the BAKERSFIELD POPULACE! Anyway read on and I will see you at a BLOG or TWEET near you.

BE IN THE KNOW!

Carl O
http://www.realtytrac.com/contentmanagement/pressrelease.aspx?channelid=9&itemid=9427