Foreclosures Leveling Off?

February 12, 2009 at 7:48 pm Leave a comment

This chart shows foreclosure activity for the last two years.  The good news is that for the last six months the foreclosure rate appears to be stabilizing.  We need to see a consistent downward trend, however.  A decrease in foreclosure activity is essential for the housing market recovery, which itself is at the root of current economic crisis.

Take a look at this article from CNN Money for more discussion on this topic.

Entry filed under: Market Conditions.

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Leon Shirman's long-term investment philosophy is summarized in his book, “42 Rules for Sensible Investing”, also available from Amazon.


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