From The KCM Blog: "The Truth about Foreclosures Facts"
The Truth about Foreclosure “Facts”
The goal of this blog is to create clarity from the confusion in today’s real estate market. We try to take complicated issues and break them down into simpler pieces, and then try to explain how the pieces fit together. There is no situation more difficult to dissect than the current foreclosure numbers.
Yet, understanding this issue is critically important. The number of distressed (discounted) properties entering the market will have a major impact on house values as we proceed through 2010.
Ascertaining an accurate forecast seems impossible at times however. Foreclosure reports consistently seem to be contradicting one another. Take this month’s RealtyTrac Foreclosure Report, which was released last week. The headline screamed “Foreclosure Activity Decreases 9% in April”. News sources and industry heads shouted this news from mountaintops. Things in the foreclosure sector are finally getting better they claimed.
Here at this blog we attempt to go past the headlines and look at the complete story.
