Foreclosure are up, slightly, but perhaps a bottom has been reached. That’s not to be confused with GOOD news, of course, but it’s also not increasingly bad news.
Jay Brinkmann, the trade group’s chief economist, said the foreclosure crisis appears to have stabilized. Seasonal adjustments may be exaggerating the change from the previous quarter, he added.
“I don’t see signs now that it’s getting worse, but it’s going to take a while,” he said. “A bad situation that’s not getting worse is still bad.”