Foreclosure Filings Down 27% Compared to February 2010

Foreclosures in Edmond OKAccording to CNN, foreclosure filings plunged 27% in February.

This is certainly good news, and welcomed in light of all of the negative news out there, but I don’t believe we’re out of the woods just yet.

Keep in mind that this is simply tracking foreclosure filings. There are still plenty of homes sitting out there now which have been foreclosed but, due to slow-moving banks, have not even been put on the market yet. There are also plenty which were filed previously but haven’t been processed.

What do you think? Has the real estate market hit bottom?

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Ryan Hukill About Ryan Hukill

I'm the founder and creative Firestarter behind the ShowMeOKC Team. I love this great city and all that's going on here, and really love showing it off and helping to break the age-old stereotypes.

I married up, am Dad to 5, friend to many, motorcycle-junkie, traveler, camper, jeeper, OU & OKC Thunder fanatic, and love a great steak, a great cup of coffee, and great techie things.