Jump to content
House Price Crash Forum
Sign in to follow this  

Foreclosure Frenzy Frys Property Market In California

Recommended Posts



California foreclosures soar to 20-year high
Tuesday July 22, 2:51 pm ET
By Alex Veiga, AP Business Writer
California foreclosures soar to 20-year high in second quarter
LOS ANGELES (AP) -- Foreclosures in California soared in the second quarter to the highest level in at least 20 years, as many homeowners who bought at the height of the housing boom were unable to make mortgage payments, a real estate research firm said Tuesday..../
Foreclosures, measured by the number of trustee deeds recorded, increased about 33 percent from the previous quarter and jumped
261 percent
versus the same quarter last year

Now that is what I call a frenzy! Its what happens when house prices go beyond the ability of borrowers to repay their mortgages. 6-12 months from now and we shall be there!

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 401 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.