Re: which foreclosure info service to use??

Posted by steele in minnesota on December 22, 2007 at 07:45:05: In Reply to: Re: which foreclosure info service to use?? posted by Julio Martinez-Clark on December 21, 2007 at 13:41:53: Just received an article on Thursday that showed that some 21 states had price declines between Oct. 2006 and Oct. 2007. That means, of course, the 29 were stable and even had some appreciation. Five states were shown to have over 10% depreciation and one of those was due largely to a certain hurricane a couple of years ago.

In looking at the chart I found it quite accurate for the states I had first hand knowledge. My home state of Minnesota show in was in the 1-5% decline for the year. My metro area, where we have some very accurate numbers on a monthly basis is right at the 4.5% mark.

Most of the damage is concentrated in the super inflation markets of the recent past. And these states have already had several of these cycles, dot.com, Silicon Valley, etc. Not surprising that the laws of economics can reflect the law of gravity in these cases :>)

I take a much more favorable view of the market. Maybe the bottom has not been hit but I think that we are very close. My opinion, of course.

Remember the old media saying, "blood sells". Bad news always gets more attention. Economics are no exception.

As my old business professor once said, "Economists have predicted 12 of the last 3 recessions..."

Steele
I try and read all the various sources of information out there as part of my business. Both extremes and the middle ground.
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