Friday, April 16, 2010

Real Estate Foreclosures Up

According to the Charleston Regional Business Journal, foreclosures have increased since last year. I have reported before on this blog that I thought the economy was turning around. Well it seems that it has according to my real estate sources, but there are still some lagging indicators. If foreclosures are up then that means the housing market is still slow to recover, less loans going out, less homes being built, and slower market recovery. So we are not out of the woods yet. Keep your hats on though, I think for Charleston, it is just around the corner.

Charleston Regional Business Journal | Charleston, SC

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