The Orange County Register’s Mathew Padilla notes that foreclosures in Orange County — which includes such glamorous spots as Newport Beach and Laguna Beach — are soaring. In fact, it only took the first five months of 2008 to surpass the total number of foreclosures filed during all of 2007. A look at a scary graph that would be good news if it were profits, and not foreclosures: 
For HW readers that have met me, most know that I’m a product of Orange County; Irvine, Calif. to be exact. With most of my immediate family still living there, and my own desire to someday return, I watch the housing market there pretty closely. And while the majority of OC foreclosures are likely in places like Santa Ana and Anaheim, this sort of trending suggests that prices will fall further in the months ahead. Even in places like Newport Beach.
Most Popular Articles
Latest Articles
Trump names Scott Turner the new HUD secretary
The former pro football player, motivational speaker and prior White House Opportunity and Revitalization Council member was named Friday.
-
Real estate investors purchased 16% of homes in Q3 2024
-
Could the Trump transition delay some reverse mortgage policy decisions?
-
This doctor says homes must accommodate aging in place
-
MBA revises 2025 mortgage rates forecast, and it’s not good
-
Mortgage servicing strategies are undergoing a major transformation
