Real NEWS | Bright Spots in Foreclosures

OK, so the news is that there are 2.2 million foreclosures in the U.S. But what’s more interesting to me is what’s also being reported:

• sales of foreclosures are increasing
• delinquencies are decreasing (meaning fewer homes will be foreclosed)
• 30-day and 60-day delinquent inventories are approaching pre-crisis levels

Could that suggest some light at the end of the tunnel?  Let’s hope so.  Regardless, it’s still a great time to buy—before interest rates go up.