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HOUSING: Future cloudy for battered regional market

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Jan 11, 2009.

  1. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    http://www.nctimes.com/articles/2009/01/10/business/z47dca38c8b2633f28825752900766c2c.txt

    Foreclosures in 2008 through November surpassed 18,000 across the county ---- more than triple the number from any other year since 1974, when such record-keeping began, according to data from InnoVest Resource Management, a foreclosure investment firm based in San Diego.

    Su said foreclosures could triple in 2009 from last year's record-setting numbers.

    Ward Hanigan, founder of InnoVest in San Diego, said he agrees foreclosures will increase over the next year.

    Some very good charts in this article but they are pretty sad.
     

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