Foreclosure Numbers Show We Still Have A Long Road to Recovery

Although national foreclosures in November were down 8%  from October, they are still up 18% over last November.  With Florida in second place behind Nevada in having the highest number of foreclosures, we are still a long way off from being able to say the market has recovered.  Recent decreases in inventory and increases in sales are all good signs that we have turned the corner, but a recent article in Forbes highlights some of the issues we still face and lists the 10 markets where they believe the market is turning around.  Not surprisingly, none are in Florida.