N. California Foreclosures Increase 4.6 Percent in March 2008
Sacramento, CA, April 09, 2008 --(
PR.com)-- Default Research, the premier provider of foreclosure real estate data in Northern California, is reporting that Notice of Defaults and Notices of Trustee Sales were up 4.6 percent in March 2008, which followed a month when foreclosures were down 9 percent.
According to Default Research (
www.defaultresearch.com), the hardest hit areas currently are San Joaquin and Sacramento with over 5.5 percent of homes entering foreclosure. Market indicators in these regions show declining home inventories in the past six months and median home sales prices continue to slip. But, the area may be nearing the end of the foreclosure crunch.