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Friday, October 24, 2008

Foreclosures In State Still Climbing, Including Marin

The past quarter showed a three-fold increase in the number of foreclosures in California, nearly 80,000.  In the Bay Area, over 12,000 homes fell into foreclosure during the past three months.  Contra Costa County led with 3,662, the most, and Marin County, with 149 had the least.  But even if Marin's numbers were well behind other counties, it was still a huge jump from the 41 during the same period last year.  Most of the foreclosed homes were in Novato and San Rafael.  But as one Realtor noted, even with the increase, over 99% of people's homes are not in foreclosure.  We guess that's one way to look at it.

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