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California Foreclosures Have Shot Through The Ceiling
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http://www.foreclosure-support.com/wp/article-022550.html
Submitted by
jwbanks
48 months, 1 week, 4 days, 13 hours agoCalifornia foreclosures continue their rising spell through 2007 and into 2008. Apart from homeowners, the other people hit are homebuilders. The largest inland homebuilder in California, KB Home, suffered a major setback on Tuesday with its loss spiraling to almost $773 million. This clearly reflects the downsizing that is taking place in the home building industry and can be attributed to the large number of California foreclosure homes.
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