Thursday, November 20, 2008

Stockton, CA FHA Originations Rising

Is Stockton, California slowly climbing out of their foreclosure mess? The monthly number of FHA Purchase Originations is continuing to rise. The chart below shows the trend of FHA Originations for January through September 2008.

Click on the image for a larger view.

Buyers can now buy in Stockton with FHA products that they were unable to do before. Hopefully this will help reduce the inventory of foreclosed properties.