The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (79520)	6/14/2007 1:15:38 PM
From: Broken_Clock	Read Replies (1) of 306849

Perhaps we should make the rate of foreclosures more like the CPI. Just take out hte states we don't like then there will be no foreclosure problem. ======= "The rate of delinquencies is being driven by what is taking place in seven states," Douglas Duncan, the MBA's chief economist, said in a statement. "The percentage of loans in foreclosure would be well below the average of the last 10 years were it not for Ohio, Michigan and Indiana, and the rate of foreclosures started nationwide would have fallen were it not for the big jumps in California, Florida, Nevada and Arizona. "Those states have special circumstances that do not reflect what is happening in the rest of the country," he said.

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