Thursday, November 6, 2008

Area Foreclosures Rise, but Experts Say Rate is Still Low

Wichita foreclosures rose slightly in August but are still well behind the record levels of early 2008.

It sounds bad, but experts say an average of a little more than 150 local foreclosures a month, mostly residential, is low in this era of sub prime mortgage failures.

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Source: Wichita Eagle, by Bill Wilson, Thursday, November 6