CHESSNOID

We have had record number of foreclosures this past year.  Now it looks like we are breaking new records in another report.  According to CNN.Money:
“It’s impossible to find any ray of light here,” said ADP spokesman Joel Prakken in a conference call with reporters. “All of the major industries that we record had declines in [...]

Foreclosures are still on the rise and continue to break inventory records.  The state I live in (California) has been especially hit hard and is still taking major hits every month.
According to CNN.Money:
In some areas virtually all sales are REOs. Four out of every five listings in Stockton, Calif. for instance are foreclosures.
“The traditional market [...]