I heard two interesting points on the news today. First, the screaming-stay-tuned-after-the-break headline…
Foreclosure filings skyrocket 65%
And then the less hyped statistic…
One home is 500 in some stage of the foreclosure process
That means that 0.2% of homes are somewhere in the foreclosure process. That means that previously it had been 0.12%.
Does that sound as ominous?