Foreclosures Dropping; Negative Equity Still A Problem

Foreclosures Dropping; Negative Equity Still A Problem

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Sacramento Business Journal cites PropertyRadar on October 17, 2013: "Foreclosures, both in the region and statewide, have dropped to a seven-year low, or about as far back as PropertyRadar’s existence began, according to figures released this week.

That’s the good news. The bad is that locally, thousands of homes are still underwater, and the overall housing market trend doesn’t clearly suggest they’ll be saved by rising appreciation, said Madeline Schnapp, director of economic research at PropertyRadar."

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