Foreclosure Rates Drop – Is the Crisis Ending?
The foreclosure rates have decreased slightly for the third straight month…does this mean the end of the foreclosure crisis?
Experts agree that it’s too early to predict the crisis is over. After all, the overall foreclosure rates are still significantly increased over the rates from October 2008 and the unemployment rate is still on the rise.
Some experts are so cautious as to suggest the apparent decline is mostly due to administrative overload, processing delays, and legislative changes rather than a true improvement in the market.
However, the combined 8% drop since August 2009 is enough to give some people cautious optimism that the real estate market is turning around, especially when housing prices have inched up slightly in some areas.
To read the full story, click here.
Hey, my name is Trevor and I'm the founder of The REI Brain and a real estate investor since the age of 21. Right now, my focus in real estate investing is multi-family income properties and I have plans on moving more into the commercial real estate investment world in 2008 and beyond. 
Hey Trevor, we really must celebrate this drop, but I don’t see an ending right now.. Things are a little hard still