Contra Costa Pre-Foreclosure Picture Is Improving

Foreclosure radar published their 2010 year-end figures and they show Contra Costa’s foreclosure picture may be improving. On a year over year basis, the December 2010 Notice of Defaults (NODs) were down 13% and properties scheduled for Trustree’s Sale are down 11%. Foreclosure inventory for sale increased 19% on a year over year basis but has been trending down since October 2010.

If the downward trend in NODs continues it could mean long term improvement in the overall Contra Costa housing market.