Firm forecasts more foreclosures in West - 2006-01-26

Firm forecasts more foreclosures in West - 2006-01-26: "A Fair Oaks investment advisory firm is predicting an upswing in mortgage defaults up and down the Pacific Coast as the effects of the nation's housing slowdown begin to be realized. "

"We're seeing reduced price appreciation in the Pacific Northwest, and Alaska although population growth and job growth there remain strong," said ForeclosureS.com president Alexis McGee. She added that while the pace of home price increase in Hawaii had slowed slightly, annualized price appreciation year over year was still above 20 percent.
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