I never thought to look at that (foreclosed stats) Wizard. It all just doesn't add up. Why would a city keep building new homes, when local foreclosure rates are that high? I guess as long as builders have buyers... no one cares. Around here... I'm told the state picks up a good handful of these foreclosure's, and turns them into Section 8 welfare homes, and places for all the rapists and molesters to live that they turn loose on early release and such. Nice huh? :blink: :notrust:Wizard said:Foreclosure numbers rise in Bexar County
A total of 680 properties in the county are set to go up for auction on June 6. This is a 9 percent increase in the number of foreclosures compared to May, the report indicates.
http://sanantonio.bizjournals.com/sanantonio/stories/2006/05/15/daily39.html
9% increase in one month = 108% annualized :blink: .
Foreclosure rate increases are the signal of a slowdown.
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