The Corson Residential Report

National Foreclosures Big Problem
October 15th, 2009 10:46 AM

I am linking to a CNN/Money report on the latest statistics reported by RealtyTrac.  The last quarter were the worst three months of foreclosures in history.  Also, there were 514,000 more jobless claims last month.  "Experts" see this as good news because it is below the 525,000 claims they anticipated.  There have been 7.2 millions jobs losts since the recession offically began in December 2007.  I also linked to this story.  These news stories just support my contention in this blog last week about prospects for an improving real estate market.

I am working on foreclosure stats for Harford County.  I'll keep you posted.

Posted in:General
Posted by Dominic Corson, ASA, IFA on October 15th, 2009 10:46 AMPost a Comment

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