Further proof that we are building a base. Today, Realtytrac.com reported a -34.42% change over last months California foreclosure rate. Even though the rate is down from last month, it is still 64.49% higher than December 2005. With interest rates holding fairly low, we’ll have to see if things continue to settle down.
I certainly have noticed an increase in Orange County’s buyer activity this month. With conditions ripe, we’ll just have to see if this springs buying activity is going to be as strong as some of the experts are predicting.