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On Bloomberg TV discussing foreclosures

Here's the analysis of foreclosures moving upscal e.

The startling headline is this -- in 2006, the top 1/3 most expensive homes in each local area made up 16% of foreclosures. Today, the top 1/3 of homes make up 30% of foreclosures.

And here's the video from Bloomberg TV today discussing this and other issues. Sorry to come off as so pessimistic, but I call 'em like I see 'em. No spin here.

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Posted by Spencer Rascoff on 10/12/2009 07:13 PM

Comments (2)

Foreclosures in the Real Estate Market Channel

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2 Comments on On Bloomberg TV discussing foreclosures

OCT

Great post. Kinda goes along with a post I did rather recently:

http://activerain.com/blogsview/1203572/the-other-shoe-still-hasn-t-dropped

Great post and video. I will definitely be passing this along.

Thank you for posting this interview. I get asked questions daily about where we are in the foreclosure wave and I will be referring them to your interview rather than trying to play expert myself!

Aloha and mahalo!