Seattle Area Foreclosures Down Slightly

Tim Ellis has made quite a name for himself by dissecting the data of the Seattle real estate market on his site, Seattle Bubble. This week, there was some rare good news which the sites avid readers nearly universally explained as a small respite from a secular bear market in real estate.

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That last little blip on the time series shows a small decrease in the number of foreclosures for August. Of course, this number is still towering above the long term average.