Foreclosures Increase in Kitsap

edited July 2007 in Housing Bubble
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Kitsap Sun article liked below offers nothing new or informative to the regular readers of this blog. What I find most interesting is this type info is now considered Front Page News:

Despite Strong Market, More Kitsap Homeowners Being Forced Into Foreclosure

Yesterday's housing market seemed unstoppable: The mortgage deals seemed too good to pass up, convincing many it was the perfect time to purchase a home, regardless of their credit.

Today's outlook has changed. Nationwide, the market has slowed. And the mortgage deal for many, including buyers in Kitsap, was too good to be true.

The number of home foreclosures has skyrocketed around the country, and it has risen steadily even in robust housing markets like Kitsap's.....

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