MBA Forecasts Foreclosures to Peak in 2011

by John Wake on November 21, 2009

And Calculated Risk has this comment;

… historically house prices do not bottom until after foreclosure activity peaks in a certain area. Since the subprime crisis delinquency rates might be peaking, it would not be surprising if prices are near a bottom in the low end areas. But in general I’d expect further declines in house prices - especially in mid-to-high end areas.

{ 1 comment… read it below or add one }

1

Whizzer 11.22.09 at 2:51 pm

But the question is … “Is this good news or bad news?”

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