Foreclosures increase in California
There were 84,568 California homes entering the foreclosure process in the fourth quarter of last year, a 12.4 percent increase over the same period a year earlier, according to figures compiled by real estate information company MDA DataQuick of La jolla.
However, the fourth quarter’s numbers were lower than the third quarter, MDA DataQuick notes, contending that “the worst may be over in hard-hit entry-level markets, while slowly spreading to more expensive neighborhoods.”
