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Business Journal: Sac Region Foreclosures Up 46 percent in April



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(Sacramento, CA)
Tuesday, May 11, 2010
Foreclosures increased 46 percent in April, compared to a year earlier with almost 1,800 homes going back to lenders or sold at auction in the Sacramento region. Foreclosures.com says Sacramento County accounted for almost half of those foreclosed homes, with Elk Grove, North Natomas and south Sacramento among the hardest-hit communities.  But El Dorado, Placer and Yolo counties also had more foreclosures last month than a year ago.
 
The closely watched foreclosures report is the most recent indicator that the housing market is going through a roller-coaster ride with the still-struggling economy, with the median home price down about 35 percent - or even more in some areas - from the peak four years ago.
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