Saturday, July 23rd, 2016

Foreclosure Rate Continues to Fall

Foreclosure activity in San Luis Obispo County continues to fall, down 38 percent from the same quarter a year ago, according to RealtyTrac. The county’s level of foreclosure activity has declined due in part to a recent resurgence in the housing market, which has pushed up home prices 22% from a year ago, according to DataQuick, which monitors real estate activity nationwide. San Luis Obispo appears to be the exception, not the rule, in California, as foreclosures have increased in the first quarter of this year.