The 67% increase in foreclosures is a totally meaningless number unless it is placed in the context of a hard number for last year.
You need to read the report before you attack the messenger. 67% was stated as the increase over the previous year. "Year to year" means "over the year before."
Foreclosures also up in Florida.
Exactly. And with record low interest rates and 30% appreciation, just how many homes were going into foreclosure. Would you believe record low foreclosures? Of course. Oh, but that won't stop the scare-monkeys from using stats.
Last time I checked the V.A. foreclosure list for the state of California there were exactly ZERO foreclosures avaliable in the entire state of California. ZERO. A 67% increase would give you, let me think, wait for it, yeah, ZERO.
If there were 3 last year and 5 this year it wouldn't attract any anxious newsletter readers to say foreclosures are up two this year. 11,000 in process in Colorado is also meaningless since some of those won't go all the way through the process--maybe 2/3 won't go to completion.