Los Angeles Business Journal

California Homes Entering Foreclosure Hits 5-Year Low

Tuesday, July 24, 2012

The Los Angeles Times reports that California's foreclosure crisis appears to be easing. Notices of default in the second quarter fell 2.9 percent from the first quarter and 3.6 percent from a year earlier, according to DataQuick statistics. However, the number of bank-owned homes will remain significant for a long time.