Finally, a little good news about the real estate market. For the past 3 years, the market has been inundated with foreclosed house and there seemed to be no end in sight. Well maybe, for the second straight month, the foreclosure rate has dropped, loan modification rates are down, and the 60+ day delinquency rate is only up modestly. All good signs for a recovering market and helps support my opinion that we have hit the bottom of sliding home prices.
Here's the article:
http://www.dsnews.com/articles/foreclosure-sales-decline-for-second-straight-month-2011-07-11
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