Foreclosures are slowing

Many analysts have been predicting a tidal wave of foreclosures in 2010, but so far there is no evidence of it. In fact, in many areas, the foreclosure rate has been declining:

In related news, XHB (the homebuilder’s exchange-traded fund) is at a 5-month high and is just shy of its 52-week high:

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2 Comments on “Foreclosures are slowing”

  1. […] Supply of Resale Homes Drops Below Three Months By Dr. Duru Keep Sacramento on the list of cities that is still not seeing a wave of foreclosures overwhelm housing inventory. The Sacramento Business Journal reports: “Far from becoming […]

  2. Karen says:

    The concern with the Foreclosure is still great, but the statistic can calm down a little people.


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