With 2009 now upon us, let us review the past year and see how the real estate market and the media reporting it have evolved from day one.
July 2008: the birth of Foreclosure Research
Key Points:
-Lack of articles publishing current decreases in foreclosures but rather focusing on increases from prior years.
-RealtyTrac reports 3% decrease in foreclosures from May to June, ForeclosureS.com reports 5.35% increase from May to June.
- No “current foreclosure” statistics available on RealtyTrac or ForeclosureS.com, making it nearly impossible to confirm their reported statistics.
August 2008
Key Points:
-Article reports conflicting numbers …