Mr. Toscano is a numerate and concise real estate expert who writes about the housing market in southern California, particularly San Diego and Environs. Check out his page.
The graphs are from the post linked to below.
This is the ratio of notices of defaults, and notices of trustee sale. It’s as bad as it was in the early 1990s at it’s worst, and it’s still on the way down.
This is a shorter time series graph, with the NOD/NOT to sales ratio.
It shows that foreclosures are up relative to sales.
Go to the link to see more.
BTW, he has the funniest footnote ever in his post:
** – Wow, I even bored myself typing that last paragraph.