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Reply #2: Well, that headline is MISLEADING [View All]

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MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-13-06 10:55 AM
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2. Well, that headline is MISLEADING
It should say that forclosures aren't going up as fast as they used to, not that they are going down. It's the annual numbers that tell the tale, not the monthly dips or spikes.
Foreclosure inventory numbers often decline in February, partially because legal filings drop off around the holidays and reduce foreclosures in January and February, Geisen said.

"The year-to-year comparison, however, tells a different story," he said. "If new foreclosures in 2006 continue to track 9 percent higher than in 2005, the country will reach higher inventory levels than it has in recent years."


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