Couched in the mind-numbing bubbly language of a press release from Default Research comes this tidbit of information:
“Foreclosures increased by 27 percent in the Seattle area. That is an increase from this time last year,” said Serdar Bankaci, president/CEO of Default Research Inc.
Cue the “but we’re coming off of historic lows!” nonsense in 3… 2… 1…
P.S. (Does anyone know where to find historic foreclosure / default data for King County? I’ve had no luck locating a source for such data beyond the occasional press release like this one.)
(Default Research, PRNewswire, 04.11.2007)