CA Foreclosures “Leveling Off”? What does this really mean?
It is that time of the month again folks! The June monthly CA foreclosure report is ready, data courtesy of Foreclosure Radar. It was another ‘record’ month, which when speaking of foreclosures, is not a good thing. However, in a couple of areas we show some ‘leveling-off’.
‘Leveling-off’ is considered to be positive by many but that sometimes is not the case. For example, if retail sales ‘level-off’ going into December, it is not a good thing because sales should accelerate in the Holiday’s. This is analogous to what happened in the foreclosure arena in June. Although numbers seem to be leveling off, the situation is continuing to worsen according to the way I see the data.
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