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[Non-Dramatic Shingles] 35 Consecutive Months Of Foreclosures In Sand Diego

Source: Slate [1]

I hate sour candy. So here something sweet to chew on [2]…and it’s in San Diego.

I don’t think this is the candy that gives you shingles.

The rate of mortgage failures in San Diego County didn’t rise dramatically from January to February, but analysts said it was too soon to draw any firm conclusions about when the pattern of failing home loans would end.

February was the 35th consecutive month of year-over-year increases for both home foreclosures and notices of default. There were 1,316 residential foreclosures countywide, a 0.8 percent increase over January but a rise of nearly 244 percent over February 2007, DataQuick Information Systems reported yesterday.

In other words, after 35 consecutive months, the foreclosure rate between January and February did not increase dramatically. Chew on that.