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July 25, 2007

4

New High for California Foreclosures

by Bob Schwartz

California foreclosures -housing bubble Foreclosures hit 17,408 for the three months ended June 30, for an increase of 799 percent from the same period in 2006. These foreclosure numbers well exceed the prior 1996 high. 

Rich Toscano, with Pacific Capital Associates in San Diego said: "There will be individual pain for people who made the wrong decisions. We all may end up in a recession." [tags]foreclosures,San Diego real estate,housing bubble,real estate bubble[/tags] San Diego condos downtown  California foreclosures

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4 Comments
  1. gold miner
    Jul 26 2007

    When will people learn? Much better to invest in gold vs. real estate. Australian gold nuggets

  2. Sacramento attorney
    Jul 26 2007

    The foreclosure rate is just as bad in Sacramento.
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  3. San Diego dentist
    Jul 26 2007

    Are there still people who say San Diego was not a real estate bubble?
    San Diego implant dentist

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