The latest slew of questionable foreclosure statistics and reporting has hit the press, this time out of Idaho. This particular headline was especially peculiar as Idaho rarely has ominous headlines about its respective foreclosure rates.
The Idaho Article comes from a local news station, LocalNews8, titled, “Idaho Foreclosure Rate Among Nation’s Highest.” The article written by Aman Chabra was troubling considering that if Idaho has one of the nation’s highest foreclosure rates, then the economy may truly be heading to shambles.
The article reads, “According to RealtyTrac.com, 1 out of every …

With the year coming to a close, many companies and researchers are eager to predict the outcome of the 2009 market. With the economy hovering in a state of uncertainty, the upcoming New Year is on everybody’s mind. Real estate especially has seen a tumultuous year with the rise and fall of foreclosure rates, although the industry has seen more increases than decreases.
Foreclosure listing companies have offered a variety of foreclosure statistics throughout the year. Some reporting more accurate numbers than others, but all in all giving their representation …

With third quarter reports still trickling in, foreclosure research agencies continue to take varying approaches to how their foreclosure numbers are reported. One method is no less confusing that the next, especially when compounded with reporter bias.
Take the latest foreclosure statistics article published on December 5, 2008, from the website, CNNMoney.com. The article is titled, “Foreclosures soar 76% to record 1.35 million,” and is written by Tami Luhby. The article offers a totally different approach to presenting foreclosure statistics by providing the ‘default rate’. The ‘default rate’ is not to …