YOY last December saw 6.1 million foreclosures with an estimated 12.6 million more in the next 36 month.
January decline forecast was a 10% median reduction by June.
It was reached by the end of March.
CRE is now rolling down hill and will only make the entire
market tank further.
Don’t be a knife catcher.
SFH near here sold 2009 for $475k, resold last week for $220k. In 2006, valued at $625K.
Case-Schiller Index is trending poorly, too.