Foreclosure activity a cause for concern

Foreclosure activity a cause for concern: "Are we blowing bubbles yet? With Fed and bank rate hikes continuing is our housing appetite exceeding our means?
Many pundits maintain that the red hot residential housing market is still far from reaching bubble proportions. But if home mortgage foreclosures are a leading indicator of trouble to come, there might be some cause for concern. Data to be released later this week indicate that the Chicago area's home foreclosures are ahead of the national average, and persistently remain at high levels. "
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