Hmmm....good information on the Mortgage Market

This BLOG introduced me tot he graph above and it is all making sense now.

That is, I have been looking at house prices in Westford, Mass and noticing that the last couple of months has seen a major drop in sale prices, and of foreclosures.

Well....the graph above explains it....well, that with the idea that actual forclosure takes about 6 months from people getting in trouble. (reset of ARM, etc....)

So off we go....hopefully with prices settling in too.