The latest figures reflect the first six-months of the year.
“…although those counties are showing for the most part decreases in foreclosure activity over the same time period a year ago. If you go down to San Francisco, it’s very low in terms of foreclosure rate. However, the San Francisco foreclosure numbers are actually up 35% from a year ago. So, it’s kind of a mixed bag.”
Blomquist says a new wave of foreclosures could be coming, especially if the jobless rate stays high; mortgage-assistance programs end; and the economy doesn't improve fast enough to lift home sales.