This article came through The Denver Post this morning regarding a 46% percent drop in foreclosure notices in Q1 of 2009 over that same period in 2008.
It says that while metro Denver has eased considerably, national activity has risen 23% and notorious foreclosure hot spots like Las Vegas have doubled from 2008.
I'm happy for headlines that have "foreclosures" and "drop" in them, but I'm thinking of a tsunami right now. As in, you're lying on the beach soaking up some rays and all of a sudden you watch the waterline suck back into the ocean at about 20 ft/second. Next thing you know, Q2 foreclosures are at a record high (Q1 2010, more likely).
I don't want to sound like a sore winner, but I'm dubious about this cycle.
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