Foreclosures Increase by 5% Nationwide

RealtyTrac released its foreclosure report for the month of October. The report indicates foreclosure increased by 5% nationwide.

Shasta County Sees A Slight Increase In Foreclosure Filings For The Month Of October

Foreclosure filings in Shasta County increased 32% compared to the previous month. There were 78 notices of default filed with the Shasta County Recorder’s office in the month of October, compared to September’s low of 59.

Time To Sell, NOW!

Well, actually this is your second chance to sell your home (if you have equity). There will be a window of opportunity between now and when Obama’s plans go into play.

C.A.R.’s California Housing Forecast For 2009

Going forward, a great deal depends on the state of the financial system in general and the real estate finance situation in particular, as well as the flow of distressed sales through the market. We expect sales of distressed properties to peak in early 2009 – a critical factor in the housing market that directly impacts the timeframe for stabilization in the median price.