CHART OF THE DAY: California's Unending Housing Problem

button more charts
button chart prev
button chart next

We keep hearing that the economic problems won’t go away until the housing crisis is over. And if you believe this chart, put together by Mark Hanson of the Field Check Group, that won’t be for a long time. Here’s the problem: Foreclosures are still occurring more than twice as often as sales. In other words, the inventory just keeps piling up, month after month. And with the Option ARM resets still on the horizon, the mess is only getting worse. Bring out the bulldozers.


Get This Delivered To Your Inbox
You can get this dropped in your inbox every afternoon as The Chart Of The Day. It’s a simple. It’s convenient. It’s free. All we need is your email address (though we’d love your name and state, too, if you’re willing to share it).  Sign up below!


First Name

Last Name


Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.