The latest report out today outlined the idea that, due to a strong economy in virtually every sector other than real estate, the U. S. and California will avoid recession. The report by UCLA Anderson Forecast as summarized in approximately 168 news articles out today, includes a special portion of the report focusing on foreclosure trends and points out that it is investors who are being most affected. It also stated that California, foreclosures are highest in counties with the combination of lower home prices and high usage of adjustable rate mortgages - a sign of working families overstretching to buy a home. For the full article go to:
Yeah, California is sitting on bad times. You're in The San Fernando Valley right? That's getting hit super hard according to one of my friends, but there are tons of consumers there.
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Jennifer Mann
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Yeah, California is sitting on bad times. You're in The San Fernando Valley right? That's getting hit super hard according to one of my friends, but there are tons of consumers there.