Sacramento Area Default Notices And Foreclosures Surge In 3rd Quarter

October 28, 2007 at 9:44 am  ·  Category: Local Business, Real Estate

The data tables in this front page Sacramento Bee article from yesterday are incredible. 

Default notices and foreclosures in the 8 county Sacramento area are absolutely surging: up 158% and 516%, respectively, from the year ago period.  In fact, default notices and foreclosures outpaced sales of all homes in the third quarter. 

This is starting to get ugly.  Emphasis on “starting”.

Posted by Greg Feirman  ·  Trackback URL  ·  Link

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