Foreclosures Remain Stubbornly High
Tim Ellis and his wily bunch at the Seattle Bubble have a lot to say about foreclosures. As you can see, foreclosures have ticked up slightly around Seattle in January (YoY). However, total foreclosures are still far from their peak in 2009. The general consensus amongst the Tim and his readers is that a large portion of the underwater homes in Seattle have yet to be foreclosed on.