Two interesting articles on the Sacramento Business Journal’s Web site today.
- Sacramento 1Q foreclosures top 2,500
- Old Sac tour operators give visitors a history lesson with a side of fun
There is not much to the former that hasn’t been hashed out here many times already. My only comment would be what does foreclosing on a house have to do with a slowing housing market? Seems to be tied to either folks losing their jobs or their 5 year interest only loans surfacing and folks can’t make the new refinanced loan payments.
I am thinking that sac-eats can comment on the latter link. Has anyone taken this tour? Seems like a decent idea. But then again, I’ve lived here ten years and have only been to Old Sacramento 2 or 3 times.
San Diego Foreclosure Homes Database
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2 Comments | Leave a comment
Oh yeah its only getting worse. In my city its seems like the foreclosures are doubling every 6 months, for the past year. The short sales are really hot right now also. I’m wondering if there would be more foreclosures if it wasnt for the short sales. I guess will see what happens in the next few years.
posted 12/29/07 at 12:44 am #
Interesting good news/bad news update to this post.
First time I’ve seen “decline” used in a store related to the housing market. Woohoo!
posted 12/29/07 at 10:08 am #
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