Yup, it’s true. Foreclosures in San Francisco are up from a whopping 62 63 notices in 2006 to 65 in 2007, or 3%. Dave, it looks like you were one of a very few to get your hands on a foreclosure in San Francisco. Hats off to you. We anxiously await the story.
As always, we try to find the silver lining to an otherwise very dark cloud. At the same time, we know the market is not immune to national trends, nor do we ever claim to know where it is heading, but we feel some things are important to at least note, especially when we didn’t write it.
Thanks to JJ for the tip on that.