A reader notices the surge in national foreclosure filings (up 90% year over year) with California, Florida and Ohio leading the way. Also noticed: “The median price for a U.S. home slid 1.8 percent the first three months of 2007 as the housing slump entered its second year, according to the National Association of Realtors.” And then wondered: Isn’t that already below the 1.3% decline most recently forecast by NAR?
Mortgage foreclosure filings rise 90 percent in May [Chicago Tribune]
Whoops, They Did It Again (NAR Revises National Forecast Once More) [SocketSite]

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