Quote:
Originally Posted by Property Manager DB
I would have thought the number of foreclosures listing would be increasing every month rather than declining given all the job cuts with major companies...
I haven't seen the figures from before January, but have you seen a gradual decline since the oil price drop? Or have the numbers remained fairly stable?
|
It can take months to be foreclosed on. If someone loses their job, chances are they can stay afloat for at least a few months. The next 6-8 months will be a true indicator as to how tough people are in.
That said, it has been several months since layoffs started and the decline seems promising so who knows!