East Bay Business Times: Property foreclosures increase in East Bay - 2006-03-23

East Bay Business Times: Property foreclosures increase in East Bay - 2006-03-23: "Alameda and Contra Costa counties saw fewer property foreclosures in February than in January, bucking a three-month U.S. trend of increased foreclosure rates.
A closer look at data from foreclosure database service RealtyTrac, however, shows that foreclosures in the East Bay are sharply higher year over year. The increases come even as economic indicators remain strong.
'It does not look like any of the (East Bay) counties are in immediate danger of a run-up in new foreclosures,' said Rick Sharga, vice president of marketing at RealtyTrac.
'For the last few years, foreclosure rates across the country have been at historical lows,' he said, due to price appreciation and low mortgage rates. 'As those two trends reverse themselves, we see a return to more normal levels of foreclosures.' "
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