Foreclosure Rate For California Homes Eases
Don't Miss This
- Woman Walking With 2-Year-Old Son Hit, Killed By Man Driving Drunk
- Citrus Heights Gaming Hall Actually Slashes Crime In Surrounding Area
- Starting Tuesday, California Law Requires Drivers To Give Cyclists 3 Feet Of Space On Road
- Missing Christian Brothers High School Volleyball Coach Found Alive In Oregon
- Police Detain ‘Django Unchained’ Actress In LA
Get Breaking News First
SAN DIEGO (AP) — California’s housing market crisis appears to finally be easing.
The real estate firm DataQuick reports that the number of California homes entering foreclosure in the second quarter of the year dipped to its lowest level since 2007.
DataQuick says 54,615 default notices were filed on homes and condos, down nearly 3 percent from the first quarter and 3.6 percent from the same period last year.
DataQuick President John Walsh says that could mean fewer homeowners are in trouble.
UC Berkeley economist Kenneth Rosen tells the Los Angeles Times that the figures indicate the housing market has bottomed, although there are still a lot of troubled homes out there.
Copyright 2012 The Associated Press.